The balance sheets for Kinder Company showed the following information. Additional information concerning transactions and events during
Question:
Additional data:
1. Net income for the year 2015, $81,650.
2. Depreciation on plant assets for the year, $14,605.
3. Sold the long-term investments for $32,200 (assume gain or loss is ordinary).
4. Paid dividends of $34,500.
5. Purchased machinery costing $24,725, paid cash.
6. Purchased machinery and gave a $69,000 long-term note payable.
7. Paid a $46,000 long-term note payable by issuing common stock.
Prepare a statement of cash flows (using the indirect method) for 2015 for Kinder Company.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
College Accounting Chapters 1-30
ISBN: 978-0077862398
14th edition
Authors: John Price, M. David Haddock, Michael Farina
Question Posted: