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prepare the spreadsheet for the 2014 statement of cash flow format cash flow from operating activities by the indirect method Income Statement Year Ended September
prepare the spreadsheet for the 2014 statement of cash flow format cash flow from operating activities by the indirect method
Income Statement Year Ended September 30, 2024 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses: \begin{tabular}{lrr} Salaries Expense & $50,000 & \\ Depreciation Expense-Plant Mssets & 26,000 & \\ Total Operating Expenses & & 76,000 \\ \cline { 2 - 3 } Net Income Before Income Taxes & 58,000 \\ Income Tax Expense & $45,820 \\ \hline Net Income & $480 \\ \hline \end{tabular} a. Acquisition of plant assets is $118,000. Of this amount, $100,000 is paid in cash and $18,000 by signing a note payable. b. Cash receipt from sale of land totals $27,000. There was no gain or loss. c. Cash receipts from issuance of common stock total $29,000. d. Payment of note payable is $17,000. e. Payment oldividends is $7,000. f. From the balance sheet: The income statement and additional data of Vitamins Plus, Inc. follow: The income statement and additional data of Vitamins Plus, Inc. follow: The income statement and additional data of Vitamins Plus, Inc, follow: ve this Etext pages Get more help - Clear all Cheok anrwer (h) Not Cash Used for Investing Activities Cash Flows from Financing Activities: (g1) Step by Step Solution
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