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Please make sure you answer all of these questions correctly. Note that this is one question with multiple parts and not multiple questions. SUNLAND CORPORATION
Please make sure you answer all of these questions correctly. Note that this is one question with multiple parts and not multiple questions.
SUNLAND CORPORATION Comparative Balance Sheet Additionaf information: 1. Net loss for 2020 is $25,250. 2. Cash dividends of $16,100 were declared and paid in 2020. 3. Land was sold for cash at a loss of $6,100. This was the only land transaction during the year. 4. Equipment with a cost of $19,200 and accumulated depreciation of $12,100 was vid for $7,100cash. 5. $24,100 of bonds were retired during the year at carrying (book) value. 6. Equipment was acquired for common stock. The fair value of the stock at the time of the exchange was $29.200. Prepare a statement of cash flows for the year ended 2020 , using the indirect method. (5how amounts that decrease cash flow with cither a - sign e. 8,15,000 or in parenthesis e.g- (15,000).) Procecos from the 5ave of Land Net CarhProvided by Imvesting Activities : Cach Flows from Einancing Activities Retirement of Bonds Paryble Issuance of Bonds Payable Powment of bividends fstuance of bonds Pyskole Privinent of Dividends Net ConhUsed by Financing Activities Net increase in Canh Cartuat Eezeinring of Perigd Cashat End of Period Noncash imesting and Fonancinc Activities : Purchase of Equipment throught Issuance of Common Stock Step by Step Solution
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