Additional Information on Year 2015 Transactions a. The loss on


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Additional Information on Year 2015 Transactions a. The loss on the cash sale of equipment was $4,175 (details in b). b. Sold equipment costing $44,175, with accumulated depreciation of $25,550, for $14,450 cash. c. Purchased equipment costing $86,350 by paying $47,000 cash and signing a long-term note payable for the balance. d. Borrowed $2,700 cash by signing a short-term note payable. e. Paid $41,525 cash to reduce the long-term notes payable. f. Issued 2,200 shares of common stock for $20 cash per share. g. Declared and paid cash dividends of $47,800. Required: 1. Prepare a complete statement of cash flows; report its operating activities using the indirect method.(Amounts to be deducted should be indicated with a minus sign.) wongtony612512
posted a question · May 09, 2016 at 10:52pm

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