Answered step by step
Verified Expert Solution
Question
1 Approved Answer
prepare a statement of cash flow for xyz company depreciation expense 15,000, payment of dividend 95,000 net income 45,000, conversion of bonds to common stock
prepare a statement of cash flow for xyz company
depreciation expense 15,000, payment of dividend 95,000 net income 45,000, conversion of bonds to common stock 44,000, decrease in inventory 28,000, proceeds from issurance of a note 30,000, payments for trading securties 84,000, increase in accounts receivable 3,000, cash balance 1/1/2018 17,000, cash paid for interest 13,000, cash paid for taxes 20,000. in addition the company sold equipment for 140,000. the equipment had an original cost of 215,000 and accumulated depreciation 85,000. the company uses indirect method.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started