Question: Pella Company presents its statement of cash flows using the

Pella Company presents its statement of cash flows using the indirect method. The following accounts and corresponding balances were drawn from Pella’s 2014 and 2013 year-end balance sheets:


The income statement contained a $700 loss on the sale of equipment, a $900 gain on the sale of land, and $2,500 of depreciation expense. Net income for the period was $36,500.

Required
Prepare the operating activities section of the statement of cashflows.
View Solution:


Sale on SolutionInn
Sales0
Views150
Comments
  • CreatedOctober 12, 2013
  • Files Included
Post your question
5000