Question

The following selected information is avail-able for Smith & Co. Ltd., for the year ended 31 December 31 20X8:

.:.
Other information:
1. Equipment with an original cost of $ 50,000 was sold for cash.
2. Other equipment was bought for cash.
3. There is no income tax expense.
4. Cash dividends were paid during the year as well as a $ 25,000 stock dividend that reduced retained earnings and increased common shares.

Required:
Present, in good form, the operating, investing, and financing section of the SCF for the year ended 31 December 20X8 as far as possible. Also list the non- cash transactions that would be separately disclosed.



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  • CreatedFebruary 17, 2015
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