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Please help me create the statement of cash flows using the method I set up on excel. This additional information was provided: 1) We sold
Please help me create the statement of cash flows using the method I set up on excel.
This additional information was provided:
1) We sold marketable securities at gain that had a cost of $10,000 2) We received Proceeds from the sale of equipment that had a Cost of $30,000 3) The Long-term investments were sold that had a cost basis of $2,000 4) Gain on sale of Discontinued Operations was made up from Income from Discontinued Operations, and a $50,000 impairment loss 5) There was a $5000 reduction in long-term investments value that was recorded as an OCl item 6) The company acquired $20,000 of land by issuing 1000 share of $15 par value stock 1) We sold marketable securities at gain that had a cost of $10,000 2) We received Proceeds from the sale of equipment that had a Cost of $30,000 3) The Long-term investments were sold that had a cost basis of $2,000 4) Gain on sale of Discontinued Operations was made up from Income from Discontinued Operations, and a $50,000 impairment loss 5) There was a $5000 reduction in long-term investments value that was recorded as an OCl item 6) The company acquired $20,000 of land by issuing 1000 share of $15 par value stockStep by Step Solution
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