Juneau Corporation provided the following information related to 2019.During 2019, the following occurred:During 2019, dividends were paid.Long-term investments were sold for $8,750 and that amount less the gain of $5,250 was removed from the investments account.Land was purchased for $8,750 and Juneau borrowed the money by signing a short-term note payable for that amount.Notes payable (short-term) were also repaid.Equipment with a historical cost of $7,000 and accumulated depreciation of $3,500 was sold for a loss.New equipment was purchased during the year.Bonds were issued for $5,250.Instructions:Prepare a statement of cash flows using the indirect method.

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repare a statement of cash flows using the indirect method.

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter16: Accounting Periods And Methods

Section: Chapter Questions

Problem 15DQ

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Prepare a statement of cash flows using the indirect method.

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