The following selected accounts are from Dupré Corp.'s general ledger: Additional information: July 31 Equipment with a

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The following selected accounts are from Dupré Corp.'s general ledger:
The following selected accounts are from Dupré Corp.'s general ledger:
Additional
The following selected accounts are from Dupré Corp.'s general ledger:
Additional

Additional information:
July 31 Equipment with a cost of $70,000 was purchased for cash.
Sept. 2 Equipment with a cost of $53,000 was purchased and partially financed through the issue of a long-term bank loan payable.
Aug. 23 A $4,000 cash dividend was paid.
Nov. 10 A loss of $3,000 was incurred on the disposal of equipment.
Dec. 1 Acquired a small parcel of adjoining land.
31 Depreciation expense of $48,000 was recorded for the year.
31 Profit for the year was $60,000.
Instructions
From the postings in the above accounts and additional information provided, indicate what information would be reported in the investing and/or financing activities sections of, and notes to, the statement of cash flows?

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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Related Book For  answer-question

Financial Accounting Tools for Business Decision Making

ISBN: 978-1118644942

6th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

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