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The following information is available for Ramos Corporation for the year ended December 31, 2014. Exercise 12-6 The following information is available for Ramos Corporation
The following information is available for Ramos Corporation for the year ended December 31, 2014.
Exercise 12-6 The following information is available for Ramos Corporation for the year ended December 31, 2014 Beginning cash balance Accounts payable decrease Depreciation expense Accounts receivable increase Inventory increase Net income Cash received for sale of land at book value Cash dividends paid Income taxes payable increase Cash used to purchase building Cash used to purchase treasury stock Ca s 52,515 4,318 189,054 9,569 12,837 331,545 40,845 14,004 5,485 337,263 30,342 233,400 sh received from issuing bonds Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a -sign e.g. -15,000 or in parenthesis e.g. (15,000).) RAMOS CORPORATION Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2014 Adiustments to reconcile net income toStep by Step Solution
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