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Andrews Inc., a greeting card company, had the following statements prepared as of December 31, 2012.
1. Dividends in the amount of $5,781 were declared and paid during 2012.
2. Depreciation expense and amortization expense are included in operating expenses.
3. No unrealized gains or losses have occurred on the investments during the year.
4. Equipment that had a cost of $31,120 and was 70% depreciated was sold during 2012.
Prepare a statement of cash flows using the direct method.
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the purpose of this report is help you develop a basic understanding of your company and the business environment in
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I n exchange for all of the Quartz stock, Hugh receives 1,000 shares of Turquoise Corporation common stock (value $20,000), and Stacy receives 50 shares of Turquoise preferred (value $20,000). Hugh also receives $160,000 in bonds. The exchange qu..
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Additional facts are available for preparing adjustments on March 31 prior to financial statement preparation - the March 31 amount of computer supplies still available totals $2,015 and three more months have expired since the company purchased its..
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June 30 Discounted the Brisk, Inc note at the bank. The bank's discount rate is 12%. The note was discounted without recourse.
Find the correct entry for Flores on November 17, assuming the correct payment was received on that date and What is the correct entry for Flores on November 10?
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