to prepare its statement of cash flows for the year ended december 31 2008 myers com 541508
P9-5A. Calculate investing and financing cash flows. (LO 6)
To prepare its statement of cash flows for the year ended December 31, 2008, Myers Company gathered the following information.
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to prepare its statement of cash flows for the year ended december 31 2008 myers com 541508
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|
Loss on sale of machinery |
$ 8,000 |
|
Proceeds from sale of machinery |
50,000 |
|
Proceeds from bond issue (face value $100,000) |
80,000 |
|
Amortization of bond discount |
1,000 |
|
Dividends declared |
25,000 |
|
Dividends paid |
15,000 |
|
Purchase of treasury stock |
30,000 |
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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