Question

The income statement of Supplements Plus, Inc. follows:
Additional data follow:
a. Acquisition of plant assets is $121,000. Of this amount, $104,000 is paid in cash and $17,000 by signing a note payable.
b. Cash receipt from sale of land totals $26,000. There was no gain or loss.
c. Cash receipts from issuance of common stock total $30,000.
d. Payment of notes payable is $16,000.
e. Payment of dividends is $9,000.
f. From the balance sheet:
Prepare Supplements Plus’s statement of cash flows for the year ended September 30, 2016, using the indirect method. Include a separate section for non-cash investing and financing activities.


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  • CreatedJune 15, 2015
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