Question
52 8 pts The Dickinson Company reported net income of $160,000 for the current year. Depreciation recorded on buildings and equipment amounted to $62,500 for
52 8 pts The Dickinson Company reported net income of $160,000 for the current year. Depreciation recorded on buildings and equipment amounted to $62,500 for the year. In addition, a building with an original cost of $250,000 and accumulated depreciation of $190,000 on the date of the sale, was sold for $45,000. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: Cash Accounts receivable Inventories Accounts payable Dividend Payable End of Year $20,000 Beginning of Year $15,000 19,000 32,000 50,000 65,000 12,000 18,000 9,000 6,000 Prepare the cash flows from the operating activities section of the statement of cash flows using the indirect method. BIUA && 4 D T 12pt Paragraph HTML Editor
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