Metlock Inc. engaged in the following cash transactions during 2017. Purchase of land $122,000 Purchase of treasury stock 58,000 Issuance of preferred stock 191,000 Sale of land and buildings 289,000 Payment of cash dividends 20,000 Purchase of equipment 69,000 Retirement of bonds 310,000
Metlock Inc. engaged in the following cash transactions during 2017. Purchase of land $122,000 Purchase of treasury stock 58,000 Issuance of preferred stock 191,000 Sale of land and buildings 289,000 Payment of cash dividends 20,000 Purchase of equipment 69,000 Retirement of bonds 310,000
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 32BE
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