The following is financial information for three companies. Required For each of the above companies, calculate the
Question:
The following is financial information for three companies.
Required
For each of the above companies, calculate the cash flow from operations using the indirect method.
Transcribed Image Text:
Movilla Ltd. Kotei & Sons Ltd. SaskCo. Sales revenue $453,000 $790,000 $960,000 Cost of goods sold 550,000 235,000 420,000 40,000 Depreciation expense 70,000 80,000 50,000 Other operating expenses 60,000 70,000 Interest expense 15,000 20,000 35,000 Gain (loss) on sale of equipment 9,000 (15,000) (14,000) Dividends paid 6,000 10,000 12,000 Increasel (Decrease) in (16,000) Accounts receivable 14,000 15,000 Inventory (20,000) 25,000 (30,000) 1,000 Prepaid expenses (2,400) (2,600) Property, plant, and equipment 220,000 (70,000) 150,000 (8,000) (8,000) Accounts payable 12,000 5,000 Interest payable 3,000 (8,000) Bonds payable (20,000) 50,000 60,000 Common shares 70,000 (10,000) 120,000
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Related Book For
Understanding Financial Accounting
ISBN: 9781119406921
2nd Canadian Edition
Authors: Christopher D. Burnley
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