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Required information Problem 15-7 (Algo) Prepare a Statement of Cash Flows [LO15-1, LO15-2] [The following information applies to the questions displayed below.] Comparative financial statements
Required information Problem 15-7 (Algo) Prepare a Statement of Cash Flows [LO15-1, LO15-2] [The following information applies to the questions displayed below.] Comparative financial statements for Weaver Company follow: Surng tris year, Weaver sold some equipment for $18 that had cost $30 and on which there was accumulated depreciation of $10. In addition, the company sold long-term investments for $12 that had cost $7 when purchased several years ago, Weaver paid a cash dividend this year and the compony repurchased $38 of its own stock. This year Wealver. Problem 15-7 Part 2 (Algo) 2. Using the information from Part 1, along with an anolysis of the remaining balance sheet accounts, prepare a statement of cash flows for this year. (List any deduction in cash and cash outflows as negative amounts.) 2. Using the information from Part 1, along with an analysis of the remaining balance sheet accounts, prepare a statement of cash flows for this year. (List any deduction in cash and cash outflows as negative amounts.)
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