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Business, 08.09.2021 01:10 smithsa10630

Cash and cash equivalents, Dec. 31 prior year-end$25,000 Cash and cash equivalents, Dec. 31 current year-end 70,300 Cash received as interest 2,500 Cash paid for salaries 72,500 Bonds payable retired by issuing common stock (no gain or loss on retirement) 125,000 Cash paid to retire long-term notes payable 125,000 Cash received from sale of equipment 61,250 Cash received in exchange for six-month note payable 25,000 Land purchased by issuing long-term note payable 72,500 Cash paid for store equipment 23,750 Cash dividends paid 15,000 Cash paid for other expenses 40,000 Cash received from customers 485,000 Cash paid for inventory 252,200 Use the above information about Ferron Company to prepare a complete statement of cash flows (direct method) for the current year ended December 31. (Amounts to be deducted should be indicated with a minus sign.)

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Cash and cash equivalents, Dec. 31 prior year-end$25,000 Cash and cash equivalents, Dec. 31 current...

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