Comparative financial statements for Weaver Company follow: During this year, Weaver sold some equipment...
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Comparative financial statements for Weaver Company follow: During this year, Weaver sold some equipment for $ that had cost $ and on which there was accumulated depreciation of $ In addition, the company sold longterm investments for $ that had cost $ when purchased several years ago. Weaver paid a cash dividend this year and the company repurchased $ of its own stock. This year Weaver did not retire any bonds. Required: Using the direct method, adjust the company's income statement for this year to a cash basis. Using the information obtained in above, along with an analysis of the remaining balance sheet accounts, prepare a statement of cash flows for this year. 
Comparative financial statements for Weaver Company follow:
During this year, Weaver sold some equipment for $ that had cost $ and on which there was accumulated depreciation of
$ In addition, the company sold longterm investments for $ that had cost $ when purchased several years ago. Weaver
paid a cash dividend this year and the company repurchased $ of its own stock. This year Weaver did not retire any bonds.
Required:
Using the direct method, adjust the company's income statement for this year to a cash basis.
Using the information obtained in above, along with an analysis of the remaining balance sheet accounts, prepare a
statement of cash flows for this year.
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