Dredd Company has begun a worksheet for preparing a statement of cash flows. The following additional information is provided:
1. Cash dividends of $8,000 were paid during the year.
2. Land which originally cost $60,000 was sold for $52,000.
3. Common stock was issued at par value for cash.
Instructions
Complete the worksheet for Dredd Company.

Question

Quizplus · Accepted Answer

The Answer of Dredd Company has begun a worksheet for preparing a statement of cash flows. The following additional information is provided:
1. Cash dividends of $8,000 were paid during the year.
2. Land which originally cost $60,000 was sold for $52,000.
3. Common stock was issued at par value for cash.
Instructions
Complete the worksheet for Dredd Company.

Dredd Company Has Begun a Worksheet for Preparing a Statement