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Please correct and fill in Statement of Cash Flows: Comparatlve financlal statements for Weaver Company follow: During this year, Weaver sold some equipment for $19
Please correct and fill in Statement of Cash Flows:
Comparatlve financlal statements for Weaver Company follow: During this year, Weaver sold some equipment for $19 that had cost $31 and on which there was accumulated depreclation of $10. In addition, the company sold long-term Investments for $12 that had cost $6 when purchased several years ago. Weaver pald a cash dividend this year and the company repurchased $42 of its own stock. This year Weaver did not retire any bonds. 1. Using the indirect method, determine the net cash provided by/used In operating actlvitles for this year. (List any deduction In cash and cash outflows as negatlve amounts.)Step by Step Solution
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