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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:

Common Stocks

Equities that represent ownership shares in a corporation, giving holders voting rights and a claim on a portion of the company's profits through dividends.

Portfolio Beta

A measure of the overall market risk or volatility of an investment portfolio relative to the market as a whole.

Common Stocks

Equity securities representing ownership shares in a corporation, giving holders voting rights and a claim on profits.

Risk-Free Rate

The theoretical return on an investment with no risk of financial loss, typically represented by the yield on government securities.

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