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On the statement of cash flows, the financing activities section would include all of the following except a. cash paid for dividends b. cash paid
On the statement of cash flows, the financing activities section would include all of the following except a. cash paid for dividends b. cash paid for the interest on bonds payable c. cash received from the sale of bonds payable d. cash paid for the purchase of treasury stock A corporation uses the indirect method of preparing the statement of cash flows. A fixed asset has been sold for $23,504, representing a gain of $3,618. The value of this transaction appearing in the operating activities section of the statement of cash flows is a. $27,122 b. $(3,618) c. $23,504 d. $19,886 Lamar Corporation purchased land for $150,000. Later in the year, the company sold land with a book value of $190,000 for $200,000. Show how the effects of these transactions are reported on the statement of cash flows using the indirect method
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