The following information is available for Stamos Corporation for the year ended December 31, 2022. Instructions Prepare
Question:
The following information is available for Stamos Corporation for the year ended December 31, 2022.
Instructions
Prepare a statement of cash flows using the indirect method.
Transcribed Image Text:
Beginning cash balance Accounts payable decrease Depreciation expense Accounts receivable increase Inventory increase Net income Cash received for sale of land at book value Cash dividends paid Income taxes payable increase Cash used to purchase building Cash used to purchase treasury stock Cash received from issuing bonds $ 45,000 3,700 162,000 8,200 11,000 284,100 35,000 12,000 4,700 289,000 26,000 200,000
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Related Book For
Accounting Principles
ISBN: 9781119707110
14th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell
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