to prepare its statement of cash flows for the year ended december 31 2001 tango com 541516
P9-78. Calculate investing and financing cash flows. (LO 6)
To prepare its statement of cash flows for the year ended December 31, 2001, Tango Company gathered the following information.
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to prepare its statement of cash flows for the year ended december 31 2001 tango com 541516
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|
Proceeds from bank loan |
157,000 |
|
Gain on sale of equipment |
12,500 |
|
Proceeds from sale of equipment |
35,000 |
|
Proceeds from sale of common stock |
100,000 |
|
Dividends paid |
t2,400 |
|
Purchase of treasury stock |
85,000 |
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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