Question: The comparative balance sheets for 2 0 2 4 and 2 0 2 3 and the statement of income for 2 0 2 4 are
The comparative balance sheets for and and the statement of income for are given below for Dux Company.
Additional information from Dux's accounting records is provided also. Additional information from the accounting records:
a A building that originally cost $ and which was threefourths depreciated, was sold for $
b The common stock of Byrd Corporation was purchased for $ as a longterm investment.
c Property was acquired by issuing a sevenyear, $ note payable to the seller.
d New equipment was purchased for $ cash.
e On January bonds were sold at their $ face value.
f On January Dux issued a stock dividend shares The market price of the $ par value common stock was $ per
share at that time.
g Cash dividends of $ were paid to shareholders.
h On November shares of common stock were repurchased as treasury stock at a cost of $
Required:
Prepare the statement of cash flows of Dux Company for the year ended December Present cash flows from operating
activities by the direct method. Statement of Cash Flows
For the year ended December
$ in thousands
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