Question
The question is below and attached for a better view of the table. The following information is related to Alpha Company's fiscal year 2017. Income
The question is below and attached for a better view of the table.
The following information is related to Alpha Company's fiscal year 2017.
Income Statement:
Net Income$300,000
Depreciation Expense50,000
Gain onSaleof Plant Assets10,000
Interest Expense500
Balance Sheet - 12/31/17: Increase (Decrease)
Accounts Payable($4,000)
Plant Assets - Purchased250,000
Plant Assets - Disposals(100,000)
Additional Information:
Cash Balance - 12/31/2016:$50,000
Common Stock exchanged for outstanding Long Term Notes Payable of $125,000
Dividends paid were $25,000
Use this information to prepare the Statement of Cash Flows for Alpha Company using the indirect method.
13)The following information is related to Alpha Company's fiscal year 2017.
Income Statement:
Net Income$300,000
Depreciation Expense50,000
Gain onSaleof Plant Assets10,000
Interest Expense500
Balance Sheet - 12/31/17: Increase (Decrease)
Accounts Payable($4,000)
Plant Assets - Purchased250,000
Plant Assets - Disposals(100,000)
Additional Information:
Cash Balance - 12/31/2016:$50,000
Common Stock exchanged for outstanding Long Term Notes Payable of $125,000
Dividends paid were $25,000
Use this information to prepare the Statement of Cash Flows for Alpha Company using the indirect method.
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