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 the accounting records:
A building that originally cost $ and which was threefourths depreciated, was sold for $
The common stock of Byrd Corporation was purchased for $ as a longterm investment.
Property was acquired by issuing a sevenyear, $ note payable to the seller.
New equipment was purchased for $ cash.
On January bonds were sold at their $ face value.
On January Dux issued a stock dividend shares The market price of the $ par value common stock was $ per share at that time.
Cash dividends of $ were paid to shareholders.
On November shares of common stock were repurchased as treasury stock at a cost of $
Required:
Prepare the statement of cash flows for Dux Company using the indirect method.
Note: Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands ie should be entered as
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
