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Exercise 12-6 The following information is available for Ramos Corporation for the year ended December 31, 2014 Beginning cash balance Accounts payable decrease Depreciation expense
Exercise 12-6 The following information is available for Ramos Corporation for the year ended December 31, 2014 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 $45,000 3,700 162,000 8,200 11,000 284,100 35,000 12,000 4,700 289,000 26,000 200,000 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).)
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