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Question 5) Below is selected financial information for Stu Corporation for December 31, 2021. Inventory $ 25,000 Cash paid to suppliers 104,000 Cash paid
Question 5) Below is selected financial information for Stu Corporation for December 31, 2021. Inventory $ 25,000 Cash paid to suppliers 104,000 Cash paid to purchase equipment Equipment $ 12,000 40,000 Buildings 200,000 Service revenue 100,000 Common Stock 50,000 Cash received from customers 132,000 Cash dividends paid 3,000 Cash received from issuing common stock 22,000 Cash paid to purchase land 6,000 Cash at beginning of period 9,000 Instructions a. Determine which items should be included in a statement of cash flows and then prepare the statement for Stu Corporation. b. Comment on the adequacy of net cash provided by operating activities to fund the company's investing activities and dividend payments.
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