Use the following excerpts from Mountain Companys financial information to prepare a statement of cash flows (indirect
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Use the following excerpts from Mountain Company’s financial information to prepare a statement of cash flows (indirect method) for the year 2018.
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Cash Account Receivable Merchandise Inventory Investments Plant Assets Accumulated Depreciation Total Assets Accounts Payable Accrued Liabilities Common Stock Retained Earnings Total Liabilities and Equity Additional information: Net income (loss) for 2018 Depreciation expense for 2018 Investments purchased, for cash Common stock issued for cash, at par value Dividends declared and paid Dec. 31, 2018 $100,000 19,000 29,000 132,000 90,000 (37,000) 333,000 12,100 2,400 81,000 237,500 333,000 (5,700) 14,000 12,000 18,000 8,000 Dec. 31, 2017 $ 93,000 18,000 31,500 120,000 90,000 (23,000) 329,500 13,400 1,900 63,000 251,200 329,500
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Net cash flow from operating activities Net income loss for 2018 5700 ...View the full answer
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Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
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