Question

Condensed financial data of Odgers Inc. follow.


Additional information:
1. New plant assets costing $100,000 were purchased for cash during the year.
2. Old plant assets having an original cost of $57,500 and accumulated depreciation of $48,500 were sold for $1,500 cash.
3. Bonds payable matured and were paid off at face value for cash.
4. A cash dividend of $26,030 was declared and paid during the year.

Instructions
Prepare a statement of cash flows using the indirectmethod.


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  • CreatedApril 07, 2014
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