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Comparative financial statements for Weaver Company follow:
During this year, Weaver sold some ...
Comparative financial statements for Weaver Company follow:
During this year, Weaver sold some equipment for \( \$ 19 \) that had cost \( \$ 30 \) and on which there was accumulated depreciation of \( \$ 10 \). In addition, the company sold long-term investments for \( \$ 13 \) that had cost \( \$ 7 \) when purchased several years ago. Weaver paid a cash dividend this year and the company repurchased \( \$ 41 \) of its own stock. This year Weaver did not retire any bonds.
2. Using the intormation from Part 1, along with an analysis of the remaining balance sheet accounts, prepare a statement of cash flows ior this year. (List any deduction in cash and cash outflows as negative amounts.)
\begin{tabular}{|l|r|r|} \hline \multicolumn{1}{|c|}{ Weaver Company } \\ \hline \multicolumn{1}{|c|}{ Statement of Cash Flows } & \\ \hline Operating activities: Year Ended December 31 & & \\ \hline Net cash provided by operating activities & & 134 \\ \hline Investing activities: & & \\ \hline Additions to property, plant, and equipment & & \\ \hline & & \\ \hline Financing activities: & & \\ \hline & & \\ \hline Beginning cash and cash equivalents & & \\ \hline \end{tabular}