Statement of Cash Flows The comparative bolance shect of Merrick Equip.pdf

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Statement of Cash Flows The comparative bolance shect of Merrick Equipment Co. for December 31, 20 Y 9 and 20Y8, is as follows: Additional data obtained from an examination of the accounts in the ledger for 20 y 9 are as follows: a. Equipment and land were acquired for cash. b. There were no disposals of equipment during the year. c. The investments were sold for $107 , 600 cash . d. The common stock was issued for casth. e. There was a $75 , 200 credit to Retained Earnings for net income. f. There was a \$48,030 debit to Retained Eamings for cash dividends deciarod. Required: Prepare a statement of cash fiows, using the indirect method of presenting cash flows from (used for) operating activities. Use the minus sign to indicate cash outflows. cash payments, decreases in cash, or any negative adjustments. Cach fiows. from fused for) aneratine gctivities:.

Statement of Cash Flows The comparative bolance shect of Merrick Equipment Co. for
December 31, 20 Y 9 and 20Y8, is as follows: Additional data obtained from an examination of
the accounts in the ledger for 20 y 9 are as follows: a. Equipment and land were acquired for
cash. b. There were no disposals of equipment during the year. c. The investments were sold for
$107 , 600 cash . d. The common stock was issued for casth. e. There was a $75 , 200 credit to
Retained Earnings for net income. f. There was a $48,030 debit to Retained Eamings for cash
dividends deciarod. Required: Prepare a statement of cash fiows, using the indirect method of
presenting cash flows from (used for) operating activities. Use the minus sign to indicate cash
outflows. cash payments, decreases in cash, or any negative adjustments. Cach fiows. from fused
for) aneratine gctivities:

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