A company uses the indirect method to prepare the statement of cash flows. Indicate whether each of
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Dividends Payable 25,000 h. Equipment 28,000 70,000 110,000 28,000 70,000 17,000 Cash b. Treasury Stock Cash 25,000 Cash i. Bonds Payable Cash 12,000 123,000 74,000 . Land Cash Cash 123,000 Common Stock Capital in Excess of Par d. Cash 93,000 16,000 2,000 235,000 Accounts Recevable 13,000 Accounts Receivable k. Depreciation Expense 16,000 Service Revenue Cash Cash Long-Term Investment 87,000 36,000Equipment, Net Accumulated Depreciation e. Salary Expense 36,000 I. Loss on Disposal of Equipment 2,000 Furniture and Fixtures36,000 m. Building 235,000 36,000 Note Payable, Long-Term g. Cash 10,000 10,000
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Financial Accounting
ISBN: 978-0133427530
10th edition
Authors: Walter Harrison, Charles Horngren, William Thomas
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