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Please Answer! Thanks Correct Answers Only!! New plant assets costing $206,000 were purchased for cash during the year. Old plant assets having an original cost
Please Answer! Thanks Correct Answers Only!!
New plant assets costing $206,000 were purchased for cash during the year. Old plant assets having an original cost of $118, 450 and accumulated depreciation of $99, 910 were sold for $3, 090 cash. Bonds payable matured and were paid off at face value for cash. A cash dividend of $53, 621 was declared and paid during the year. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)Step by Step Solution
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