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PLEASE HELP COMPLETE THIS QUESTION! Problem 21-16 (Algo) Statement of cash flows; indirect method [LO21-4, 21-8] The comparative balance sheets for 2024 and 2023 and
PLEASE HELP COMPLETE THIS QUESTION!
Problem 21-16 (Algo) Statement of cash flows; indirect method [LO21-4, 21-8] The comparative balance sheets for 2024 and 2023 and the statement of income for 2024 are given below for Dux Company. Additional information from Dux's accounting records is provided also Chaptet 21 Homework (i) 148 points Addivional information from the accounting recovds: Peferences a A bullding that orlginally cost $136,000, and which was three-fourths depreciated, was sold for $7,000 b. The common stock of Byrd Corporation was purchased for $5,000 as a long-term investment. c. Property was acquired by issuing o 13%, seven-year, $42,000 note poyable to the seller. d. New equipment was purchased for $51,000 cash e. On January 1,2024 , bonds were sold at their $37,000 face value f On January 19 , Dux issued a 5% stock dividend (1,000 shares) The market price of the 510 par value common stock was 514 per share at that time 9 Cash dividends of $25.000 were paid to sharehoiders. h. On November 12,12,500-shares of common stock were repurchased as treasury stock at a cost of $8,000 Required: Prepare the statement of cash flows for Dux Company using the indirect mechod Note: Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands (1.e., 10.000 should be entered as 10). Chapter 21 Homework i soned Chapter 21 Homework (i) Sined Step by Step Solution
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