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...

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