Additional information: Prepaid expenses and property tax payable relate to operating expenses. New equipment costing $ 8
Question:
Additional information:
Prepaid expenses and property tax payable relate to operating expenses.
New equipment costing $ ?was purchased for $ ?cash and a $
longterm bank loan payable.
Old equipment having an original cost of $ ?was sold for $
?Accounts payable relate to inventory suppliers.
?Some of the bank loan was repaid during the year.
A dividend was paid during the year.
?Operating expenses include $ ?of depreciation expense and a $ ?loss
on disposal of equipment.
?Common shares were issued for $ ?cash during the year and some common
shares were bought back and retired at the cost they were originally issued at
Instructions
A ?Prepare the statement of cash flows, using the indirect method in good form.
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill