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Required informstion [The following information applies to the questions displayed below] Comparative financial statements for Weaver Company follow: Required: 1. Using the indirect method, determine

image text in transcribed Required informstion [The following information applies to the questions displayed below] Comparative financial statements for Weaver Company follow: Required: 1. Using the indirect method, determine the net cash provided by used in operater ond cosh outflows as negotive omounts.) During this year. Weaver sold some equipment for $19 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 company repurchased $40 of its own stock. This year Weaver did not retire any bonds

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