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Problems: Series B PR 16-13 statement of Cash Flows: (0bj,2,3,4,5) The comparative...

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Accounting

Problems: Series B
PR 16-13 statement of Cash Flows:
(0bj,2,3,4,5)
The comparative balance sheet of Merrick Equipment Co. for December 31,20Y9 and 20Y8, is as follows:
Details
Additional data obtained from an examination of the accounts in the ledger for 20Y9 are as follows:
a. Equipment and land were acquired for cash.
b. There were no disposals of equipment during the year.
c. The investments were sold for $91,800 cash.
d. The common stock was issued for cash.
e. There was a $141,680 credit to Retained Earnings for net income.
f. There was a $102,000 debit to Retained Earnings for cash dividends declared.
INSTRUCTIONS
Prepare a statement of cash flows, using the indirect method of presenting cash flows from (used for) operating activities.
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