Prepare statement of cash flows using the indirect method. The income statement for 2012 and the balance

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Prepare statement of cash flows using the indirect method. The income statement for 2012 and the balance sheets for 2012 and 2011 are presented for Gibson Industries, Inc.
Prepare statement of cash flows using the indirect method. The
Prepare statement of cash flows using the indirect method. The

Additional information follows:
a. Sold plant asset for $4,100. Original cost of this plant asset was $10,800 and it had
$9,200 of accumulated depreciation associated with it.
b. Paid $5,500 on the bonds payable; issued $47,500 of new bonds payable.
c. Declared and paid cash dividends of $15,200.
d. Purchased new investment for $20,000.
e. Purchased new equipment for $40,800.
Requirement
Prepare a statement of cash flows for Gibson Industries, Inc., for the year ended December 31, 2012, using the indirect method.

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Managerial Accounting

ISBN: 978-0132890540

3rd edition

Authors: Karen W. Braun, Wendy M. Tietz

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