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I am required to make a schedule of cash flows using the indirect method. Can you please explain what is done with the 4 additional
I am required to make a schedule of cash flows using the indirect method. Can you please explain what is done with the 4 additional transactions? Refer to the information for Booth Manufacturing on the previous page. Required: Calculate operating cash flows using the direct method. Use the following information for Problems 15-42 and 15-43. The following balance sheets and income statement were taken from the records of Rosie- Lee Company: Rosie-Lee Company Comparative Balance Sheets At June 30, 2015 and 2016 2015 2016 Assets Cash Accounts receivable Investments Plant and equipment Accumulated depreciation Land $270,000 126,000 180,000 (54,000) 36,000 $558,000 S333,000 144,000 54,000 189,000 (57,600) 54,000 $716.400 Total assets Liabilities and equity Accounts payable Mortgage payable Bonds payable Preferred stock Common stock Retained earnings S 72,000 108,000 $ 90,000 90,000 36,000 180,000 162,000 $558,000 288,000 248,400 $716,400 Total liabilities and equity Lee Company cstne Statement For the Yeai Ended June 30, 2016 Sales Less: Cost of goods sold $ 920,000 (620,000) S 300,000 (177,600) $ 122.400 Gross margin Less: Operating expenses Net income Problem 15-42 Direct and Indirect Methods Refer a. Sold equipment costing $21,600 with accumulated depreciation of $16,200 for $3,600. b. Issued bonds for $90,000 on December 31. to the information for Rosie-Lee Company above. Additional transactions were as follo
I am required to make a schedule of cash flows using the indirect method.
Can you please explain what is done with the 4 additional transactions?
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