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rolotony rolotony
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A month ago
Berry Corporation reported the following cash transactions for last year.

Issued common stock at $72 per share$180,000
Paid dividends to stockholders at year end60,000
Received dividends from investments in other companies32,000
Purchased bonds issued by City of Metropolis50,000
Borrowed money from City Bank25,000
Made payment to City Bank on loan4,000
Purchased office equipment12,000
Received interest payment on City of Metropolis bonds2,000

Required:

a.Prepare the investing section of Berry's statement of cash flows.
b.Prepare the financing section of Berry's statement of cash flows.
Textbook 

Managerial Accounting


Edition: 4th
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daddyb1daddyb1
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A month ago
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More solutions for this book are available here
a.
Purchase of bonds($50,000)
Purchase of equipment  (12,000)
Net cash used by investing activities($62,000)

b.
Issuance of common stock$180,000
Dividend payment(60,000)
Bank loan25,000
Repayment on bank loan    (4,000)
Net cash provided by financing activities$141,000


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