Question

The following changes in account balances and other information for 2007 were taken from the accounting records of the Noble Company:


Other information: Net income was $9,900. Dividends were declared and paid. Land was sold for $1,700; a building was purchased for $23,000. No land was purchased and no buildings and equipment were sold. Bonds payable were issued at the end of the year. Two hundred shares of stock were issued for $15 per share. The beginning cash balance was $4,800.
Required
Using visual inspection, prepare a 2007 statement of cash flows for the NobleCompany.


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  • CreatedMarch 10, 2012
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