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vanessavz vanessavz
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A year ago
Morris Industries reported the following cash transactions for last year.

Borrowed money from First National Bank$100,000
Sold Morris common stock50,000
Repurchased 50 shares of common stock5,000
Sold investment in bonds issued by other companies20,000
Paid interest on notes payable3,000
Paid dividends to company's stockholders8,000
Collection by Morris for a loan made to another company22,000
Cash from sale of fully depreciated factory equipment10,000

Required:

a.Prepare the investing section of Morris's statement of cash flows.
b.Prepare the financing section of Morris's statement of cash flows.
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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dorkiexcicidorkiexcici
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A year ago
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vanessavz Author
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A year ago
Helped a lot
einstein
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Yesterday
Good timing, thanks!
cartoon
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2 hours ago
Correct Slight Smile TY
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