to prepare its statement of cash flows for the year ended december 3 1 2008 murray c 541510
P9-7A. Calculate investing and financing cash flows. (LO 6)
To prepare its statement of cash flows for the year ended December 3 1, 2008, Murray Company gathered the following information.
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to prepare its statement of cash flows for the year ended december 3 1 2008 murray c 541510
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|
Dividends paid |
$ 16,200 |
|
Purchase of treasury stock |
40,000 |
|
Proceeds from bank loan |
180,000 |
|
Gain on sale of equipment |
9,000 |
|
Proceeds from sale of equipment |
25,000 |
|
Proceeds from sale of common stock |
250,000 |
Required
a. Prepare the cash from investing section of the statement of cash flows.
b. Prepare the cash from financing section of the statement of cash flows.
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