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Monon Cable Television Company reported the following financial statements for 2009 Additional information a The old antenna with a cost of $35000 and accumulated depreciation of $34000 was

Monon Cable Television Company reported the following financial statements for 2009:  Additional information: a. The old antenna with a cost of $35,000 and accumulated depreciation of $34,000 was taken down and sold as scrap for $1,800 cash during 2009. A new antenna was purchased for cash at an installed cost of $60,000. b. Additional equipment was purchased for $20,000 cash. c. Wiring for 300 additional homes was purchased for $6,000 cash. d. Depreciation expense for 2009 was $28,000. e. A long-term note payable was issued for $40,000 cash. f. Dividends of $14,200 were paid during 2009. Required: Prepare a statement of cash flows, using the indirect method to compute net cash flow from operatingactivities.

 

May 01 2020 View more View Less

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