The following items were gathered from Rindt Industries general ledger: Sale of marketable securities............ $14,000 Depreciation and

Question:

The following items were gathered from Rindt Industries’ general ledger:


Sale of marketable securities............ $14,000

Depreciation and amortization expense........ 24,262

Payment of cash dividends............. 3,543

Proceeds from disposal of equipment......... 819

Loss on disposal of equipment.......... 150

Net income..................... 26,043

Beginning Cash balance................ 19,600

Purchase of equipment............... 21,632

Decrease in Accounts Receivable.......... 1,048

Proceeds from issuing common stock........ 2,241

Increase in Inventory ............... 3,465

Increase in Accounts Payable............ 4,650

Ending Cash balance................. 64,173


Required

Using the indirect method, construct Rindt Industries’ statement of cash flows.


Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Managerial Accounting

ISBN: 978-1118338445

2nd edition

Authors: Charles E. Davis, Elizabeth Davis

Question Posted: