Required information Exercise 21-13 (Algo) Identifying cash flows from investing activities and financing activities [LO21-5, 21- 6] [The following information applies to the questions displayed below.] In preparation for developing its statement of cash flows for the year ended December 31, 2024, Rapid Pac, Incorporated, collected the following information: Fair value of shares issued in a stock dividend Payment for the early extinguishment of long-term bonds (book value: $79.0 million) Proceeds from the sale of treasury stock (cost: $15.0 million) Gain on sale of land Proceeds from sale of land Purchase of Microsoft common stock Declaration of cash dividends Distribution of cash dividends declared in 2023 ($ in millions) $ 60.0 84.0 20.0 2.4 7.2 138.0 49.0 45.0
Required information Exercise 21-13 (Algo) Identifying cash flows from investing activities and financing activities [LO21-5, 21- 6] [The following information applies to the questions displayed below.] In preparation for developing its statement of cash flows for the year ended December 31, 2024, Rapid Pac, Incorporated, collected the following information: Fair value of shares issued in a stock dividend Payment for the early extinguishment of long-term bonds (book value: $79.0 million) Proceeds from the sale of treasury stock (cost: $15.0 million) Gain on sale of land Proceeds from sale of land Purchase of Microsoft common stock Declaration of cash dividends Distribution of cash dividends declared in 2023 ($ in millions) $ 60.0 84.0 20.0 2.4 7.2 138.0 49.0 45.0
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter21: The Statement Of Cash Flows
Section: Chapter Questions
Problem 14GI: Dunn Company recognized a 5,000 unrealized holding gain on investment in Starbuckss long-term bonds...
Related questions
Question
![Required information
Exercise 21-13 (Algo) Identifying cash flows from investing activities and financing activities [LO21-5, 21-
6]
[The following information applies to the questions displayed below.]
In preparation for developing its statement of cash flows for the year ended December 31, 2024, Rapid Pac, Incorporated,
collected the following information:
Fair value of shares issued in a stock dividend
Payment for the early extinguishment of long-term bonds (book value: $79.0
million)
Proceeds from the sale of treasury stock (cost: $15.0 million)
Gain on sale of land
Proceeds from sale of land
Purchase of Microsoft common stock
Declaration of cash dividends
Distribution of cash dividends declared in 2023
($ in
millions)
$ 60.0
84.0
20.0
2.4
7.2
138.0
49.0
45.0](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa3799bb9-3bb6-4f91-81e4-3021b3311fff%2Fa95d7ffe-b0eb-4e0f-8a96-531dcc644c4e%2Fr1ofh6k_processed.png&w=3840&q=75)
Transcribed Image Text:Required information
Exercise 21-13 (Algo) Identifying cash flows from investing activities and financing activities [LO21-5, 21-
6]
[The following information applies to the questions displayed below.]
In preparation for developing its statement of cash flows for the year ended December 31, 2024, Rapid Pac, Incorporated,
collected the following information:
Fair value of shares issued in a stock dividend
Payment for the early extinguishment of long-term bonds (book value: $79.0
million)
Proceeds from the sale of treasury stock (cost: $15.0 million)
Gain on sale of land
Proceeds from sale of land
Purchase of Microsoft common stock
Declaration of cash dividends
Distribution of cash dividends declared in 2023
($ in
millions)
$ 60.0
84.0
20.0
2.4
7.2
138.0
49.0
45.0
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