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In preparing a company’s statement of cash flows for the most recent year, the following information is available:         Loss on the sale of equipment $ 14,000 Purchase of equipment   225,000 Proceeds from the sale of equipment   106,000 Repayment of outstanding bonds   87,000 Purchase of treasury stock   25,000 Issuance of common stock   96,000 Purchase of land   115,000 Increase in accounts receivable during the year   33,000 Decrease in accounts payable during the year   75,000 Payment of cash dividends   35,000 Net cash flows from investing activities for the year were:

The purchase of long-term assets by issuing a note payable for the entire amount is reported on the statement of cash flows in the:

Identify the accounts that would normally have balances in the credit column of a business’s trial balance.

When preparing the operating activities section of the statement of cash flows using the indirect method, non-operating losses are added to net income.

Trend analysis is a form of horizontal analysis that can reveal patterns in data across successive periods.

The accountant for Beck Company is preparing the company’s statement of cash flows for the fiscal year just ended. The following information is available:        Retained earnings balance at the beginning of the year $ 126,000 Cash dividends declared for the year   46,000 Proceeds from the sale of equipment   81,000 Gain on the sale of equipment   7,000 Cash dividends payable at the beginning of the year   18,000 Cash dividends payable at the end of the year   20,000 Net income for the year   92,000 The amount of cash dividends paid during the year would be:

The purchase of supplies on credit should be recorded with a debit to Supplies and a credit to Accounts Payable.

Clermont Industries reported Net income of $283,000 and average Total assets of $637,000. The Return on total assets is:

When preparing the operating activities section of the statement of cash flows using the indirect method, expenses with no cash outflows are added back to net income.

Identify the accounts that would normally have balances in the credit column of a business’s trial balance.