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Need all HELP possible please!! WIll thumbs up and refer to friends!! Salud Company reports the following information. Use the indirect method to prepare the
Need all HELP possible please!! WIll thumbs up and refer to friends!!
Salud Company reports the following information. Use the indirect method to prepare the operating activities section of its statement of cash flows for the year ended December 31. Note: Amounts to be deducted should be indicated with a minus sign. a. Equipment with a book value of $80,000 and an original cost of $167,000 was sold at a loss of $30,000. b. Paid $112,000 cash for a new truck. c. Sold land costing $330,000 for $430,000 cash, yielding a gain of $100,000. d. Stock investments were sold for $97,000 cash, yielding a gain of $16,250. Use the above information to determine cash flows from investing activities. Note: Amounts to be deducted should be indicated with a minus sign. a. Net income was $477,000. b. Issued common stock for $71,000 cash. c. Paid cash dividend of $13,000. d. Paid $100,000 cash to settle a long-term notes payable at its $100,000 maturity value. e. Paid $123,000 cash to acquire its treasury stock. f. Purchased equipment for $90,000 cash. Use the above information to determine cash flows from financing activities. Note: Amounts to be deducted should be indicated with a minus signStep by Step Solution
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