4) From the following information for Epperson Company, prepare in good form a statement of cash...
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4) From the following information for Epperson Company, prepare in good form a statement of cash flows for the year ended December 31, 2014, using the Indirect method. (12 p.) Amortization of patent Depreciation expense Net income Payment of dividends Purchase of equipment Retirement of long-term debt TA FA Issuance of common stock ON Cash received in the sale of land (includes $5,000 gain) Decrease in accounts receivable Increase in inventory Increase in accounts payable Cash balance, January 1, 2014 Cash balance, December 31, 2014 LA $8,000 14,000 50,000 58,000 33,500 20,000 30,000 42,000 2,500 1.500 1.200 34,800 6 4) From the following information for Epperson Company, prepare in good form a statement of cash flows for the year ended December 31, 2014, using the Indirect method. (12 p.) Amortization of patent Depreciation expense Net income Payment of dividends Purchase of equipment Retirement of long-term debt TA FA Issuance of common stock ON Cash received in the sale of land (includes $5,000 gain) Decrease in accounts receivable Increase in inventory Increase in accounts payable Cash balance, January 1, 2014 Cash balance, December 31, 2014 LA $8,000 14,000 50,000 58,000 33,500 20,000 30,000 42,000 2,500 1.500 1.200 34,800 6
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Related Book For
Intermediate Accounting
ISBN: 978-0176509736
10th Canadian Edition, Volume 1
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
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