BE12.1 (LO 1), C Each of these items must be considered in preparing a statement of cash flows for Irvin Co. for the year ended December 31, 2022. For each item, state how it should be shown in the statement of cash flows for 2022. a. Issued bonds for $200,000 cash. b. Purchased equipment for $180,000 cash. c. Sold land costing $20,000 for $20,000 cash. d. Declared and paid a $50,000 cash dividend.

BE12.1 (LO 1), C Each of these items must be considered in preparing a statement of cash flows for Irvin Co. for the year ended December 31, 2022. For each item, state how it should be shown in the statement of cash flows for 2022. a. Issued bonds for $200,000 cash. b. Purchased equipment for $180,000 cash. c. Sold land costing $20,000 for $20,000 cash. d. Declared and paid a $50,000 cash dividend.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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