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Metlock Inc. had the following condensed balance sheet at the end of operations for 2 0 2 4 . During 2 0 2 5 ,
Metlock Inc. had the following condensed balance sheet at the end of operations for
During the following occurred.
A tract of land was purchased for $
Bonds payable in the amount of $ were redeemed at par.
An additional $ in common stock was issued at par.
Dividends totaling $ were paid to stockholders.
Net income was $ after allowing depreciation of $
Land was purchased through the issuance of $ in bonds.
Metlock Inc. sold part of its investment portfolio for $ This transaction resulted in a gain of $ for the compamy.
No unrealized gains or losses were recorded on these investments in
Both current assets other than cash and current liabilities remained at the same amount.
a
Prepare a statement of cash flows for using the indirect method. Show amounts that decrease cash flow with either sign eg
or in parenthesis eg
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