Question

Amy Bourne completed the basic format to be used in preparing the statement of cash flows (indirect method) for Alpha Technologies. All amounts are in thousands (000’s).


Listed below in random order are line items to be included in the statement of cash flows.
Purchase of equipment........... $220,000
Payment of dividends ............ 40,000
Net income ................. 80,000
Increase in inventory ............. 30,000
Increase in prepaid rent ............ 10,000
Repayment of notes payable .......... 50,000
Cash received from the sale of land ........ 3,000
Issuance of common stock ..................... 250,000
Increase in accounts payable ................. 10,000
Loss on sale of land ............................... 7,000
Depreciation expense ............................ 20,000
Increase in accounts receivable ....... 60,000

Required:
Prepare the statement of cash flows for Alpha Technologies using the indirectmethod.


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  • CreatedJuly 15, 2014
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