Exercise 12-13AA Indirect: Cash flows spreadsheet LO P4 Net income for the year was $100,000. Dividends of $80,000 cash were declared and paid. Scoretecks only
Exercise 12-13AA Indirect: Cash flows spreadsheet LO P4
- Net income for the year was $100,000.
- Dividends of $80,000 cash were declared and paid.
- Scoretecks only noncash expense was $70,000 of depreciation.
- The company purchased plant assets for $70,000 cash.
- Notes payable of $20,000 were issued for $20,000 cash.
Complete the following spreadsheet in preparation of the statement of cash flows. (The statement of cash flows is not required.) Report operating activities under the indirect method. (Enter all amounts as positive values.)
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Authors: U.S. Government Accountability Office
1st Edition
1287183859, 978-1287183853
