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Statement of cash flows. Provide answers to the boxes highlighted in yellow according to the financial statments provided and taking into account the following additional
Statement of cash flows. Provide answers to the boxes highlighted in yellow according to the financial statments provided and taking into account the following additional information from the accounting records. The following information and the screenshots are all that the question consists of I simply need you to fill out the statment of cash flows portion of the screenshots.
a During $ million of new equipment was purchased to replace $ million original cost of equipment depreciated sold at book value.
b In order to maintain the usual policy of paying cash dividends of $ million, it was necessary for Red to borrow $ million from its bank.
c Assume that Accounts Payable is used exclusively for the purchase of Inventory
d Accrued Expenses Payable and Prepaid Expenses are used with Operating Expenses.
e During $ million of Bonds were sold at par value receiving cash from the sale.
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