Question
Indicate in general journal form how the items below would be entered in a worksheet for the preparation of the statement of cash flows. (a)Net
Indicate in general journal form how the items below would be entered in a worksheet for the preparation of the statement of cash flows.
(a)Net income is $594,000.
(b)Cash dividends declared, but not paid of $40,000.
(c)Redemption of bonds payable of $300,000.
(d)Purchase of equipment using a note payable of $56,000.
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Get StartedRecommended Textbook for
Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
IFRS edition volume 2
978-0470613474, 470613475, 978-0470616314
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