Question
The following information is available for Pharoah Company for the year ended December 31, 2022. Beginning cash balance $ 69,750 Accounts payable decrease 5,735 Depreciation
The following information is available for Pharoah Company for the year ended December 31, 2022. Beginning cash balance $ 69,750 Accounts payable decrease 5,735 Depreciation expense 251,100 Accounts receivable increase 12,710 Inventory increase 17,050 Net income 440,355 Cash received for sale of land at book value 54,250 Cash dividends paid 18,600 Income taxes payable increase 7,285 Cash used to purchase building 447,950 Cash used to purchase treasury stock 40,300 Cash received from issuing bonds 310,000 Prepare a statement of cash flows using the indirect method.
Pawwwwwww Pharoah Company Statement of Cash Flows-indirect Method hardStep by Step Solution
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