The following financial data were taken from the Catalina Divers Supply Company for the year ended December
Question:
The following financial data were taken from the Catalina Divers Supply Company for the year ended December 31, 2017.
Required
Using the above data, prepare the 2017 statement of cash flow for Catalina Divers Supply Company using the indirect method. What does the company’s statement of cash flow reveal about the business’s financial health?
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Assets CATALINA DIVERS SUPPLY COMPANY Cash... Accounts receivable (net). Inventory Prepaid rent. Total current assets Equipment (net). Total assets.. Balance Sheet Data 12/31/17 12/31/16 $ 12,000 $ 10,800 22,400 30,000 18,000 31,200 2,400 3,600 66,800 63,600 116,000 104,000 $182,800 $167,600
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Related Book For
Financial Accounting For Executives And MBAs
ISBN: 9781618531988
4th Edition
Authors: Wallace, Simko, Ferris
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