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Need help 1&2 Required information [The following information applies to the questions displayed below.] Comparative financial statements for Weaver Company follow: During this year, Weaver
Need help 1&2
Required information [The following information applies to the questions displayed below.] Comparative financial statements for Weaver Company follow: During this year, Weaver sold some equipment for $19 that had cost $31 and on which there was accumulated depreciation of $10. In addition, the company sold long-term investments for $12 that had cost $6 when purchased several years ago. Weaver paid a cash dividend this year and the company repurchased $36 of its own stock. This year Weaver did not retire any bonds. Required: Using the indirect method, determine the net cash provided by/used in operating activities for this year. (List any deduction in cash and cash outflows as negative amounts.) Vuring this year, Weaver sold some equipment tor $1y that nad cost $31 and on which there was accumulated depreciation of $10. In addition, the company sold long-term investments for $12 that had cost $6 when purchased several years ago. Weaver paid a cash dividend this year and the company repurchased $36 of its own stock. This year Weaver did not retire any bonds. Required: 1. Using the indirect method, determine the net cash provided by/used in operating activities for this year. (List any deduction in cash and cash outflows as negative amounts.) did not retire any bonds. 2. Using the information from Part 1, along with an analysis of the remaining balance sheet accounts, prepare a statement of cash fiows for this year. (List any deduction in cash and cash outflows as negative amounts.) Step by Step Solution
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