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.



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  • CreatedFebruary 21, 2014
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