Question
what goes in an indirect method operational cash flow statement how do you differentiate between to years such as 2013 and 2014 Cash$35,900$10,200 Accounts receivable
what goes in an indirect method operational cash flow statement how do you differentiate between to years such as 2013 and 2014
Cash$35,900$10,200
Accounts receivable (net)48,30020,300
Inventory 35,00042,000
Long-term investments015,000
Property, plant & equipment236,500150,000
Accumulated depreciation(37,700)(25,000)
$318,000$212,500
Accounts payable $19,000$26,500
Accrued short term liabilities19,00017,000
Long-term notes payable70,00050,000
Common stock 130,00090,000
Retained earnings 80,00029,000
$318,000$212,500
Net income for the year 2004, $90,000.
Depreciation on plant assets for the year, $12,700.
Sold the long-term investments for $33,000 (assume gain or loss is ordinary).
Paid dividends of $39,000.
Purchased machinery costing $26,500, paid cash.
Purchased machinery and gave a $60,000 long-term note payable.
Paid a $40,000 long-term note payable by issuing common stock.
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