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The following information is available for Stamos Corporation for the year ended December 31, 2020. Beginning cash balance $43,000 Accounts payable decrease 3,500 Depreciation expense
The following information is available for Stamos Corporation for the year ended December 31, 2020.
Beginning cash balance | $43,000 | |
Accounts payable decrease | 3,500 | |
Depreciation expense | 154,000 | |
Accounts receivable increase | 8,100 | |
Inventory increase | 12,000 | |
Net income | 281,300 | |
Cash received for sale of land at book value | 31,000 | |
Cash dividends paid | 11,000 | |
Income taxes payable increase | 4,600 | |
Cash used to purchase building | 291,000 | |
Cash used to purchase treasury stock | 29,000 | |
Cash received from issuing bonds | 182,000 |
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).)
STAMOS CORPORATION Statement of Cash FlowsIndirect Method For the Month Ended December 31, 2020December 31, 2020For the Year Ended December 31, 2020 |
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