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please take your time in Answering this question and answer with Explaining all of the proper steps. it's a practice question. I will for sure
please take your time in Answering this question and answer with Explaining all of the proper steps.
During fiscal year 2021, Canbuild sold a piece of its equipment. The equipment sold had originally cost $153,000. Required: During fiscal year 2021, Canbuild sold a piece of its equipment. The equipment sold had originally cost sris3,000, Required: 1. Prepare Operating activity section of the statement of cash flows, using the indirect method, clearly labelling each cash fow item and ignoring the heading ( 4.5 points). 2. Determine the amount of cash paid to purchase the new equipment, Clearly show calenlations for numbers that are not given (2 points). 3. Determine the amount of cash received from the sale of the equipment, Clearly show calculations for numbers that are not given (3.5 points). 4. Determine the amount of dividends paid. Clearly show calculations for numbers that are not given (4 points). 5. Determine the amount of cash collected from customers. Clearly show calculations for numbers that are not given ( 2 points). 6. Determine the amount of cash paid to suppliers. Clearly show calculations for numbers that are not given (3 points) it's a practice question.
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