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The Harbaugh Corporation paid a $39,000 cash dividend this year but also received $11,000 as a dividend from one of the company's investments. If U.S. GAAP is applied, how are these two transactions reported within a statement of cash flows? If IFRS is applied, how are these two transactions reported within a statement of cash flows?

The Harbaugh Corporation paid a $39,000 cash dividend this year but also received $11,000 as a dividend from one of the company's investments. If U.S. GAAP is applied, how are these two transactions reported within a statement of cash flows? If IFRS is applied, how are these two transactions reported within a statement of cash flows?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The Harbaugh Corporation paid a $39,000 cash dividend this year but also received $11,000 as a dividend from one of the company's investments. If U.S. GAAP is applied, how are these two transactions reported within a statement of cash flows? If IFRS is applied, how are these two transactions reported within a statement of cash flows?
Transcribed Image Text:The Harbaugh Corporation paid a $39,000 cash dividend this year but also received $11,000 as a dividend from one of the company's investments. If U.S. GAAP is applied, how are these two transactions reported within a statement of cash flows? If IFRS is applied, how are these two transactions reported within a statement of cash flows?
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