Question
Question 01: Following is the comparative balance sheet of the XYZ co. as on 31 st Dec 2017: 2017 2016 Cash & Cash equivalents 88200
Question 01: Following is the comparative balance sheet of the XYZ co. as on 31st Dec 2017:
|
| 2017 | 2016 |
| Cash & Cash equivalents | 88200 | 22500 |
| Account Receivables | 14400 | 21700 |
| Inventories | 63600 | 60400 |
|
|
|
|
| Account Payables | 28600 | 27100 |
| Accrued liabilities | 10600 | 11200 |
Transactions during the year:
- Payment of dividend17200
- Purchase of equipment .54400
- Issuance of long term note payable to borrow cash.50000
- Depreciation.16700
- Purchase of building100000
- Net income.59600
- Issuance of common stock for cash106000
You are required to prepare the statement of cash flows using indirect method.
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
