Here are comparative balance sheets for Syal Company. Additional information: 1. Net income for 2012 was $103,000.
Question:
Here are comparative balance sheets for Syal Company.
Additional information:
1. Net income for 2012 was $103,000.
2. Cash dividends of $45,000 were declared and paid.
3. Bonds payable amounting to $50,000 were redeemed for cash $50,000.
4. Common stock was issued for $42,000 cash.
5. No equipment was sold during 2012, but land was sold at cost.
Instructions
Prepare a statement of cash flows for 2012 using the indirect method.
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SYAL COMPANYStatement of Cash FlowsFor the Year Ended December 31 2012 Cash ...View the full answer
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Related Book For
Accounting Principles
ISBN: 978-0470534793
10th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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