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Any help would be very much appreciated! Exercise 12-5 The following information is available for Sweet Acacia Industries for the year ended December 31, 2017
Any help would be very much appreciated!
Exercise 12-5 The following information is available for Sweet Acacia Industries for the year ended December 31, 2017 Beginning cash balance Accounts payable decrease Depreciation expense Accounts receivable increase Inventory increase Net income Cash received for sale of land at book value Cash dividends paid Income taxes payable increase Cash used to purchase building Cash used to purchase treasury stock Cash received from issuing bonds 48,510 3,989 174,636 8,840 11,858 306,260 37,730 12,936 5,067 311,542 28,028 215,600 Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Sweet Acacia Industries Statement of Cash Flows-Indirect Method Adjustments to reconcile net income to Click if you would like to Show Work for this question: Open Show WorkStep by Step Solution
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