Watson Software Corp. has assembled the following data for the year ended December 31, 2014: Requirement Prepare
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Requirement
Prepare Watson Software Corp.s statement of cash flows using the indirect method to report operating activities. Include an accompanying schedule of noncash investing and financingactivities.
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A1 December 31, 2014 2013 Current Accounts: Current assets: 100,700 S 7 Cash and cash equivalents Accounts receivable Inventories Prepaid expenses 52,900 39,000 3,000 7,800 64,700 68,000 2,200 6 7 Current liabilities: 10 Accounts payable 12 Accrued liabilities 62,100 18,400 55,400 Income tax payable 16,300 5,5007,000 Transaction Data for 2014: Acquisition of land by issuing long-term note payable Stock dividends Purchase of treasury stock$10,900 8,000 40,100 Payment of cash dividends19,000 $163,000 Gain on sale of equipment... Collection of loan...,00 19,000 Issuance of long-term note Depreciation expense. Purchase of building payable to borrow cash.50,600 67,000 Net income .... with cash 116,000 Issuance of common stock Retirement of bonds payable for cash 55,000 by issuing common stock 80,000 Proceeds from sale of 12,900 4,600 Purchase of long-term equipment investment with cash...35,200 Amorization expense..
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Related Book For
Financial Accounting
ISBN: 978-0133427530
10th edition
Authors: Walter Harrison, Charles Horngren, William Thomas
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