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I need to prepare a statement of cash flow under the INDIRECT METHOD Selected financial statement information and additional data for Stanislaus Co. is presented
I need to prepare a statement of cash flow under the INDIRECT METHOD
Selected financial statement information and additional data for Stanislaus Co. is presented below. Prepare a statement of cash flows for the year ending December 31, 2014 Additional data for 2014: Net income was $240,000, see income statement below. Depreciation was $31,600. Land was sold at its original cost. Dividends were paid. Equipment was purchased for $184,000 cash. A long-term note for $101,000 was used to pay for an equipment purchase. Common stock was issued Company issued $33,400 long-term note payable
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