Question

Balance sheets for Plasma Screens Corporation along with additional information are provided below:


Additional Information for 2015:
1. Net income is $160,000.
2. The company purchases $200,000 in equipment.
3. Depreciation expense is $80,000.
4. The company repays $75,000 in notes payable.
5. The company declares and pays a cash dividend of $35,000.

Required:
Prepare the statement of cash flows using the indirectmethod.


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  • CreatedJuly 15, 2014
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