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Business, 19.03.2021 02:50 caitlynpierce9866

Additional data related to 2017 are as follows. 1. Cash dividends paid were $5,100. 2. Equipment that had cost $10,900 and was 40% depreciated at time of disposal was sold for $2,100. 3. On January 1, 2017, the building was completely destroyed by a flood. Insurance proceeds on the building were $31,800. 4. A long-term note for $21,400 was issued for the acquisition of equipment. 5. $15,300 of the long-term note payable was paid by issuing common stock. 6. Investments (available-for-sale) were sold at $1,600 above their cost. The company has made similar sales and investments in the past. 7. Interest of $2,100 and income taxes of $6,400 were paid in cash. 8. Cash was paid for the acquisition of equipment. Prepare a statement of cash flows using the indirect method.

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Additional data related to 2017 are as follows. 1. Cash dividends paid were $5,100. 2. Equipment tha...
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