Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please help me fill out this excel sheet. Prepare the statement of cash flows of Dux Company for year ended Dec 3 1 , 2

image text in transcribed
Please help me fill out this excel sheet. Prepare the statement of cash flows of Dux Company for year ended Dec 31,2016. Present cash flows from operating activities by the direct method. INFORMATION FOR PROBLEM: Building cost $40000. Building selling price $7000. Building depreciated 3/4. Common sotck purchased as long term investment $5000. Note payable for property $30000. Note payable interest 13%. Equipment purchase $15000. Bond sale 1/16/16 $25000. Stock dividend issue (1000 shares)5%. Common stock par value $10. Market price per share $14. Cash dividends paid $13000. Number of common stock shares repurchased 500. Common stock repurchase cost $8000. INSTRUCTIONS: Please fill out the red outlined square. That is the part of the excel sheet that I need help with. The blue square has more information that was missing to complete the problem. Sorry, I cannot add more than one picture so I had to combine the pictures. Please fill out the excel sheet with provided information. Totals should equal 585. Thank you!
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Information Systems

Authors: Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill

11th edition

1337552127, 978-1305971424, 1305971426, 978-0357688694, 978-1337673174, 133767317X, 978-1337552127

More Books

Students also viewed these Accounting questions