Refer to the information for Rosie-Lee Company below. Additional transactions were as follows: a. Sold equipment costing
Question:
a. Sold equipment costing $21,600 with accumulated depreciation of $16,200 for $3,600.
b. Issued bonds for $90,000 on December 31.
c. Paid cash dividends of $36,000.
d. Retired a mortgage at a price of $108,000 on December 31.
Information for Rosie-Lee Company
Required:
Prepare a statement of cash flows using a worksheet similar to the one shown in Cornerstone 15-8 (p. 643).
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Related Book For
Cornerstones Of Managerial Accounting
ISBN: 9780538473460
4th Edition
Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
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