dditional data related to 2014 are as follows 1Equipment that had cost 11000 and was 40 depreciated at time of disposal was sold for 2500 210000 of the longterm note payable was paid by issuing common stock 3Cash dividends paid were 5000 4On January 1 2014 the building was completely destroyed by a flood Insurance proceeds on the building were

dditional data related to 2014 are as follows 1Equipment that had cost 11000 and was 40 depreciated at time of disposal was sold for 2500 210000 of the longterm note payable was paid by issuing common stock 3Cash dividends paid were 5000 4On January 1 2014 the building was completely destroyed by a flood Insurance proceeds on the building were 30000 net of 2000 taxes 5Investments availableforsale were sold at 1700 above their cost The company has made similar sales and investments in the past

Expert Answer

Prepare cash flow statement as shown below: H Corporation Cash flow statement for the year 2014 Part… View the full answer