Question
Big and Fast company provides the following information about its activities in the year 2019. stock issued : $41,000 Land sold: $63,000 Bonds issued: $250,000
Big and Fast company provides the following information about its activities in the year 2019. stock issued : $41,000 Land sold: $63,000 Bonds issued: $250,000 Machinery purchased: $145,000 Common stock issued: $169,000 Dividends paid: $162,000 losse on disposal of equipment 9000 Decrease in accounts receivable: $36,000 Decrease in accounts payable: $46,600 Increase in inventory: $12,800 Decrease in income tax: $22,000 Increase in prepaid expenses: $25,000 The depreciation expense was $25,000 net income of $100,000 Cash Beginning $13000 Compute statement of cash flows using indirect method
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