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The following cash data were adapted from the annual report of Harley-Davidson, Inc., for the period ended December 31, 2004. The cash balance as of January 1, 2004, was $329,329 (in thousands).In thousandsCash receipts from issuing debt ...........................$ 305,047Cash payments for capital stock repurchases ............ 501,961Cash payments for dividends ............................... 119,232Cash from investing activities .............................. 1,189Cash payments for investments ............................ 495,389Cash payments for property, plant, and equipment ...... 213,550Net cash flows from operating activities .................. 969,726
InstructionsPrepare Harley-Davidson's statement of cash flows for the year ended December 31, 2004.
Determine which of the following is not one of the four conditions that normally must be met for revenue to be recognized according to the revenue principle for accrual basis accounting
For the year ending June 30, 2008, the Austin Corporation has current assets of $ 275,000 and total assets of $ 900,000. It also has current liabilities of $ 150,000, equity of $ 200,000, and retained earnings of $ 100,000. The marginal tax rate f..
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