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Exercise 13-6 (Video) The following information is available for Stamos Corporation for the year ended December 31, 2020. Beginning cash balance $41,000 Accounts payable decrease
Exercise 13-6 (Video) The following information is available for Stamos Corporation for the year ended December 31, 2020. Beginning cash balance $41,000 Accounts payable decrease 4,000 Depreciation expense 166,000 Accounts receivable increase 8,400 Inventory increase 10,000 Net income 256,300 Cash received for sale of land at book value 35,000 Cash dividends paid 11,000 Income taxes payable increase 4,700 Cash used to purchase building 270,000 Cash used to purchase treasury stock 25,000 Cash received from issuing bonds 189,000 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).) Prepare LINK TO TEXT
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