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Question 23.1 The following data taken from the records of Dura Company. December 31 December 31 2015 2014 Cash 15,000 10,000 Current assets other than
Question 23.1 The following data taken from the records of Dura Company. December 31 December 31 2015 2014 Cash 15,000 10,000 Current assets other than cash 85,000 10,000 58,000 Long-term investments Plant assets 53,000 215,000 335,000 336,000 40,000 22,000 445,000 20,000 Accumulated depreciation Current liabilities 40,000 Bonds payable Share-capital - ordinary Retained earnings 75,000 254,000 20,000 336,000 254,000 56,000 445,000 Additional information: Held-for-collection investments carried at a cost of $43,000 on December 313, 2014, were 1. C sold in 2015 for $34,000. 2. Plant assets that cost $60,000 and were 80% depreciated were sold during 2015 for $8,000. 3. Net income as reported on the income statement for the year was $46,000. 4. Dividends amounted to $10,000. 5. Depreciation charged for the year was $28,000. Instructions: Prepare a statement of cash flow for the year of 2015 using the indirect method
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