Question: Additional information from the accounting records: A building that originally cost $64,000, and which was three-fourths depreciated, was sold for $7,000. The common stock of
Additional information from the accounting records:
- A building that originally cost $64,000, and which was three-fourths depreciated, was sold for $7,000.
- The common stock of Byrd Corporation was purchased for $5,000 as a long-term investment.
- Property was acquired by issuing a 13%, seven-year, $33,000 note payable to the seller.
- New equipment was purchased for $24,000 cash.
- On January 1, 2021,bonds were sold at their $28,000 face value.
- On January 19, Dux issued a 5% stock dividend (1,000 shares). The market price of the $10 par value common stock was $14 per share at that time.
- Cash dividends of $16,000 were paid to shareholders.
- On November 12, 12,500 shares of common stock were repurchased as treasury stock at a cost of $8,000.
Required:
Prepare the statement of cash flows for Dux Company using theindirect method.(Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands (i.e., 10,000 should be entered as 10).)




-condexternal_browser=0&launchUrl=https%2 4 - Apply: Homework [due day 7] i Saved December 31, 2021 and 2020 ($ in thousands) 4 Assets 2021 2020 Cash Accounts receivable $ 51.0 $ 23.0 51.0 53.0 Less: Allowance for uncollectible accounts Dividends receivable (5.0) (4.0) 6.0 5.0 Inventory 58.0 53.0 Long-term investment 18.0 13.0 Land 73.0 40.0 Buildings and equipment 213.0 253.0 Less: Accumulated depreciation (20.0) (65.0 ) Book $445.0 $371.0 Liabilities rint Accounts payable $ 16.0 $ 23.0 Salaries payable 5.0 8. 0 fences Interest payable 7.0 5.0 Income tax payable 10.0 11.0 Notes payable 33.0 Bonds payable 89.0 61.0 Less: Discount on bonds (2.0) (3.0) Shareholders' Equity Common stock 210.0 200.0 Paid-in capital-excess of par 24.0 20.0 Retained earnings 61.0 46.0 Less: Treasury stock (8.0) 0 $445.0 $371.0https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https 4 - Apply: Homework [due day 7] i Saved 4 Net cash flows from operating activities Cash flows from investing activities: nts Net cash flows from investing activities eBook Cash flows from financing activities: Print eferences Net cash flows from financing activities Net increase in cash Cash balance, January 1 Cash balance, December 31 Noncash investing and financing activities:Connect X https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252 4 - Apply: Homework [due day 7] Saved 4 Required: Prepare the statement of cash flows for Dux Company using the indirect method. (Amounts to be deducted sho a minus sign. Enter your answers in thousands (i.e., 10,000 should be entered as 10).) DUX COMPANY Statement of Cash Flows its For year ended December 31, 2021 ($ in 000s) Cash flows from operating activities eBook Net income Print Adjustments for noncash effects. eferences Changes in operating assets and liabilities
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