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Unformatted text preview: 2. Haladam Company had the following transactions relating to investments in trading securities during the year. Requirement: Prepare the required general journal entries for these transactions. ACT 232 Block 2 Final Exam 2 3. The following information is available for the Ehrens Corporation: Additional information: (1) There was no gain or loss on the sales of the long-term investments, nor on the bonds retired. (2) Old equipment with an original cost of $37,550 was sold for $2,100 cash. (3) New equipment was purchased for $67,550 cash. (4) Cash dividends of $33,600 were paid. (5) Additional shares of stock were issued for cash. Requirement: Prepare a complete statement of cash flows for calendar-year 2009 using the indirect method. Hint: Indirect method ignores depreciation amortization....
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This note was uploaded on 12/06/2010 for the course ACCT 231 taught by Professor Shan during the Spring '10 term at Allen University.
- Spring '10