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Exercise 4: The following activities were performed by L&M corporation during the year 2018. Treasury stock purchased: $44,000 Accounts payable pald: $526,000 Note receivable collected:
Exercise 4: The following activities were performed by L&M corporation during the year 2018. Treasury stock purchased: $44,000 Accounts payable pald: $526,000 Note receivable collected: $35,000 Dividends paid $186,000 Bonds payable issued: $356,000 Common stock issued: $125,000 Compute net cash provided/used by financing activities Exercise 5: I The Meta company uses indirect method for preparing its statement of cash flows. It reported a net income of $250,000 for the year 2018. During the year 2016, the working capital accounts were changed as follows: Decrease in accounts receivable: $45,000 Decrease in accounts payable: $36,600 Increase in inventory: $56,800 The depreciation expense was 566,000 for the year 2018 Compute net cash provided (used) by operating activities using indirect method Exericise 6 Prepare statement of cash flows, using the exercise 4,5.6 and cash beginning: $12 000 $
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