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The following information was reported by rockin the hills inc. on its statement of financial position as at oct 3 1 , 2 9 2
The following information was reported by rockin the hills inc. on its statement of financial position as at oct and on its statement of earnings for the year ended oct
Rockin the hills statement of financial position as at oct : cash accounts receivable inventory prepaid expenses furniture and fixtures accum depre on furniture and fixtures property, plant and equipment accum depre on property, plant and equipment investments accounts payable income tax payable mortgage payable contributed capital retained earnings
Rokin the hills statement od financial position as at october : cash accounts receivable inventory prepaid expenses furniture and fixtures accum dep for furniture and fixures property and plant equipment accum dep for property and plant equipment investments accounts payable income tax payable mortgage payable contributed capital retained earnings
Rockin the hills statement of earnings for the year ended oct :sales cost of goods sold gross profit depreciation selling general earnings from operations interest expenses loss on sale of furniture earnings berofe income taxes income tax expenses net earnings
Additional information:during the company sold old furniture with an original cost of and of accumulation depreciation up on the date of the sale.
Required:prepare a statement of cash flows for rockin hill inc fo rthe year ended october using the indirect method
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