Complete the following spreadsheet in preparation of the statement of cash flows. (The statement of cash flows
Question:
a. Net income for the year was $ 100,000.
b. Dividends of $ 80,000 cash were declared and paid.
c. Scoretecks only noncash expense was $ 70,000 of depreciation.
d. The company purchased plant assets for $ 70,000 cash.
e. Notes payable of $ 20,000 were issued for $ 20,000 cash.
f. Change in accounts receivable.
g. Change in merchandise inventory.
h. Change in accountspayable.
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Related Book For
Fundamental accounting principle
ISBN: 978-0078025587
21st edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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