1. Baxter Inc. buys as treasury stock 2,000 shares of its own common stock at $20 per share. How is this transaction reported on the statement of cash flows? 2. Duke Corp. sold a delivery truck for...


1. Baxter Inc. buys as treasury stock 2,000 shares of its own common stock at $20 per share. How is this transaction reported on the statement of cash flows?


2. Duke Corp. sold a delivery truck for $9,000. Its original cost was $25,000, and the book value at the time of the sale was $11,000. How does the transaction to record the sale appear on a statement of cash flows prepared under the indirect method?



May 04, 2022
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