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otal counts payable mmon stock ained earnings Total itional information: $133,100 $140.600 $12.500 75.500 45,100 $133.100 $31.900 68,000 40.700 $140,600 Net income was $23,800. Dividends declared and paid were $19.400 No noncash investing and financing activit es occurred during 2025 The land was sold for cash of $4,700.

otal counts payable mmon stock ained earnings Total itional information: $133,100 $140.600 $12.500 75.500 45,100 $133.100 $31.900 68,000 40.700 $140,600 Net income was $23,800. Dividends declared and paid were $19.400 No noncash investing and financing activit es occurred during 2025 The land was sold for cash of $4,700.

FINANCIAL ACCOUNTING
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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View Policies Current Attempt in Progress Sandhill Corporation's comparative balance sheets are presented below. Sandhill Corporation Comparative Balance Sheets December 31 Cash Accounts receivable Land Buildings Accumulated depreciation-buildings Total Accounts payable Common stock Retained earnings Total Additional information: 1 2 3. (a) 2025 $15,100 22,000 21.000 90.000 (15.000) $133,100 $12.500 75.300 45,100 2024 $10,900 23,900 27,700 90,000 (11.900) $140,600 $31,900 68,000 40.700 $133.100 $140,600 Net income was $23,800. Dividends declared and paid were $19.400. No noncash investing and financing activit es occurred during 2025 The land was sold for cash of $4,700. 4 Prepare a statement of cash flows for 2025 using the indirect method. (Show amounts that decrease cash flow with e -15,000 or in parenthesis eg. (15,000))
Transcribed Image Text:View Policies Current Attempt in Progress Sandhill Corporation's comparative balance sheets are presented below. Sandhill Corporation Comparative Balance Sheets December 31 Cash Accounts receivable Land Buildings Accumulated depreciation-buildings Total Accounts payable Common stock Retained earnings Total Additional information: 1 2 3. (a) 2025 $15,100 22,000 21.000 90.000 (15.000) $133,100 $12.500 75.300 45,100 2024 $10,900 23,900 27,700 90,000 (11.900) $140,600 $31,900 68,000 40.700 $133.100 $140,600 Net income was $23,800. Dividends declared and paid were $19.400. No noncash investing and financing activit es occurred during 2025 The land was sold for cash of $4,700. 4 Prepare a statement of cash flows for 2025 using the indirect method. (Show amounts that decrease cash flow with e -15,000 or in parenthesis eg. (15,000))
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