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Richards Inc

question 9

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Richards Inc. presented its comparative financial data and other data as follows:
Richards Inc. presented its comparative financial data and other data as follows: Additional information: 1. Equipment was purchased for $43,200 and was paid in cash. Other equipment was sold at a $3,000 gain and was 50% depreciated at the time of sale. 2. During 2009, Richards Inc. declared and paid cash dividends. 3. Part of the investment in the stock portfolio was sold at book value. The stock is closely-held so no fair value adjustments are made. 4. Net income was $49,000. Prepare a statement of cash flows using the indirect method for 2010. You may omit the heading. Richards Inc. presented its comparative financial data and other data as follows: Additional information: 1. Equipment was purchased for $43,200 and was paid in cash. Other equipment was sold at a $3,000 gain and was 50% depreciated at the time of sale. 2. During 2009, Richards Inc. declared and paid cash dividends. 3. Part of the investment in the stock portfolio was sold at book value. The stock is closely-held so no fair value adjustments are made. 4. Net income was $49,000. Prepare a statement of cash flows using the indirect method for 2010. You may omit the heading. Richards Inc. presented its comparative financial data and other data as follows: Additional information: 1. Equipment was purchased for $43,200 and was paid in cash. Other equipment was sold at a $3,000 gain and was 50% depreciated at the time of sale. 2. During 2009, Richards Inc. declared and paid cash dividends. 3. Part of the investment in the stock portfolio was sold at book value. The stock is closely-held so no fair value adjustments are made. 4. Net income was $49,000. Prepare a statement of cash flows using the indirect method for 2010. You may omit the heading. Richards Inc. presented its comparative financial data and other data as follows: Additional information: 1. Equipment was purchased for $43,200 and was paid in cash. Other equipment was sold at a $3,000 gain and was 50% depreciated at the time of sale. 2. During 2009, Richards Inc. declared and paid cash dividends. 3. Part of the investment in the stock portfolio was sold at book value. The stock is closely-held so no fair value adjustments are made. 4. Net income was $49,000. Prepare a statement of cash flows using the indirect method for 2010. You may omit the heading. Richards Inc. presented its comparative financial data and other data as follows: Additional information: 1. Equipment was purchased for $43,200 and was paid in cash. Other equipment was sold at a $3,000 gain and was 50% depreciated at the time of sale. 2. During 2009, Richards Inc. declared and paid cash dividends. 3. Part of the investment in the stock portfolio was sold at book value. The stock is closely-held so no fair value adjustments are made. 4. Net income was $49,000. Prepare a statement of cash flows using the indirect method for 2010. You may omit the heading. Richards Inc. presented its comparative financial data and other data as follows: Additional information: 1. Equipment was purchased for $43,200 and was paid in cash. Other equipment was sold at a $3,000 gain and was 50% depreciated at the time of sale. 2. During 2009, Richards Inc. declared and paid cash dividends. 3. Part of the investment in the stock portfolio was sold at book value. The stock is closely-held so no fair value adjustments are made. 4. Net income was $49,000. Prepare a statement of cash flows using the indirect method for 2010. You may omit the heading. Richards Inc. presented its comparative financial data and other data as follows: Additional information: 1. Equipment was purchased for $43,200 and was paid in cash. Other equipment was sold at a $3,000 gain and was 50% depreciated at the time of sale. 2. During 2009, Richards Inc. declared and paid cash dividends. 3. Part of the investment in the stock portfolio was sold at book value. The stock is closely-held so no fair value adjustments are made. 4. Net income was $49,000. Prepare a statement of cash flows using the indirect method for 2010. You may omit the heading. Richards Inc. presented its comparative financial data and other data as follows: Additional information: 1. Equipment was purchased for $43,200 and was paid in cash. Other equipment was sold at a $3,000 gain and was 50% depreciated at the time of sale. 2. During 2009, Richards Inc. declared and paid cash dividends. 3. Part of the investment in the stock portfolio was sold at book value. The stock is closely-held so no fair value adjustments are made. 4. Net income was $49,000. Prepare a statement of cash flows using the indirect method for 2010. You may omit the heading. Richards Inc. presented its comparative financial data and other data as follows: Additional information: 1. Equipment was purchased for $43,200 and was paid in cash. Other equipment was sold at a $3,000 gain and was 50% depreciated at the time of sale. 2. During 2009, Richards Inc. declared and paid cash dividends. 3. Part of the investment in the stock portfolio was sold at book value. The stock is closely-held so no fair value adjustments are made. 4. Net income was $49,000. Prepare a statement of cash flows using the indirect method for 2010. You may omit the heading. Additional information:
1. Equipment was purchased for $43,200 and was paid in cash. Other equipment was sold at a $3,000 gain and was 50% depreciated at the time of sale.
2. During 2009, Richards Inc. declared and paid cash dividends.
3. Part of the investment in the stock portfolio was sold at book value. The stock is closely-held so no fair value adjustments are made.
4. Net income was $49,000.
Prepare a statement of cash flows using the indirect method for 2010. You may omit the heading.

Definitions:

Service

Aid and assistance provided to others; concern for the well-being and the best interest of another person or group.

Caring Leadership

An approach to leadership that emphasizes empathy, support, and concern for the well-being of team members.

Legislated

The process through which laws are enacted or passed by a governing body.

Alfred North Whitehead

A British philosopher, logician, and mathematician, best known for his work in process philosophy and his development of the metaphysical theory known as process theology.

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