Maurice Tutor

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    Argosy University/ Phoniex University/
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Category > Accounting Posted 18 Aug 2017 My Price 11.00

Nathan Herrmann

Nathan Herrmann has completed the basic format to be used in preparing the statement of cash flows (indirect method) for CEO Consultants.

  

Listed below in random order are line items to be included in the statement of cash flows.

 

   
  Purchase of equipment $ 227,000
  Increase in inventory 27,000
  Increase in prepaid rent 5,500
  Payment of dividends 36,000
  Depreciation expense 10,000
  Increase in accounts receivable 51,000
  Increase in accounts payable 20,000
  Loss on sale of land 10,500
  Net income 62,000
  Repayment of notes payable 44,000
  Cash received from the sale of land 5,000
  Issuance of common stock 247,000
 

 

Prepare the statement of cash flows for CEO Consultants using the indirect method. (Amounts to be deducted and negative values should be indicated by minus sign. Omit the "$" sign in your response.)

Answers

Maurice Tutor
(5)
Status NEW Posted 18 Aug 2017 05:08 PM My Price 11.00

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