Question 15.) (11 points)
	Company A is preparing its annual financial statements at December 31, 2023.
	Listed below are cash flow items presented in alphabetical order. Use the above
	information to prepare the statement of cash flow (Indirect Method) for the
	company In Good Form.
	A Truck was purchased for	55 000
	Accounts receivable decreased during the year by	25 000
	Accounts payable decreased during the year by	15 000
	Common Stock was issued for	60 000
	Depreciation expenses for the year was	15 000
	Inventory increased during the year by	30 000
	Net Income for the year was	40 000
	The Company borrowed cash on a three year note of	100 000
	The company purchased a new machine for	35 000
	The beginning cash balance on January 1, 2023 was	50 000
	The Company paid Principal on the three year note of	20 000

Answer rating: 100% (QA)

To prepare the statement of cash flows using the indirect method we need to categorize the cash flow ... View the full answer