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Category > Management Posted 27 Oct 2017 My Price 7.00

Beckwith Products Company

PREPARING THE STATEMENT OF CASH FLOWS

 

The comparative balance sheets for Beckwith Products Company are presented below.

 

Additional information:

1. Net income for 2009 was $52,000.

2. Cash dividends of $16,000 were declared and paid during 2009.

3. During 2009, Beckwith issued $20,000 of notes payable and repaid $35,000 principal relating to notes payable.

4. Common stock was issued for $40,000 cash.

5. Depreciation expense was $10,000, and there were no disposals of equipment.

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Maurice Tutor
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Status NEW Posted 27 Oct 2017 09:10 PM My Price 7.00

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