Prepare cash flow statement using the indirect method for deluxe dining for the current year.? Additional Information:?
Question:
Prepare cash flow statement using the indirect method for deluxe dining for the current year.?
Additional Information:?
a. All depreciation and amortization for both companies are related to net property and equipment.?
b. Other assets for both companies are associated with cash from investing activities.?
c. Other long-term liabilities for both companies pertain to cash from financing activities.?
d. For Deluxe Dining, the capital expenditure amounts for the current and prior years are ($5,426) and ($8,629) respectively. For Flavor Haven, the amounts are ($3,071) for the current year and ($7,242) for the prior year.?
e. Deluxe Dining's sale of equipment amounts to $19,386 for the current year and $0 for the prior year. Flavor Haven did not have any equipment sales.
Financial Reporting and Analysis
ISBN: 978-1259722653
7th edition
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer