Visual Inspection Noble Company’s accounting records provided the following changes in account balances and other information for 2019: Additional information : Net income was $9,900. Dividends were declared and paid. Land was sold for $1,700. No land was purchased. A building was purchased for $23,000. No buildings and equipment were sold. Bonds payable were issued at the end of the year. Two hundred shares of stock were issued for $15 per share. The beginning cash balance was $4,800. Required: Using visual inspection, prepare a 2019 statement of cash flows for Noble.

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Intermediate Accounting: Reporting...

3rd Edition
James M. Wahlen + 2 others
Publisher: Cengage Learning
ISBN: 9781337788281
BuyFind

Intermediate Accounting: Reporting...

3rd Edition
James M. Wahlen + 2 others
Publisher: Cengage Learning
ISBN: 9781337788281

Solutions

Chapter
Section
Chapter 21, Problem 3E
Textbook Problem

Visual Inspection Noble Company’s accounting records provided the following changes in account balances and other information for 2019:

Chapter 21, Problem 3E, Visual Inspection Noble Companys accounting records provided the following changes in account

Additional information: Net income was $9,900. Dividends were declared and paid. Land was sold for $1,700. No land was purchased. A building was purchased for $23,000. No buildings and equipment were sold. Bonds payable were issued at the end of the year. Two hundred shares of stock were issued for $15 per share. The beginning cash balance was $4,800.

Required:

Using visual inspection, prepare a 2019 statement of cash flows for Noble.

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Chapter 21 Solutions

Intermediate Accounting: Reporting And Analysis
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