Prepare a cash flow statement following the second image sheet: additional information for 2028: Net Income for
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additional information for 2028:
Net Income for 2022 was $105,000.00 2) A cash dividend of $40,000.00 was declared and paid
3) Bonds payable for $50,000.00 were redeemed.
4) Common Stock was issued for $50,000.00
5) The Depreciation Expense was $24,000.00
6) The sales of the year were $978,000.00
7) A piece of land was sold at its cost $25,000
USE IMAGE #2 for the cash flow statement
Related Book For
Horngrens Accounting
ISBN: 978-0133855388
10th Canadian edition Volume 2
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann L. Johnston, Peter R. Norwood
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