Question: Can you please help explain how to do (12-10A) for me! Im so confused! Thank you so much Free cash flow Condensed financial data of
Can you please help explain how to do (12-10A) for me! Im so confused! Thank you so much

Free cash flow Condensed financial data of Odgers Inc. follow. New plant assets costing $100,000 were purchased for cash the year Old plant assets having an original cost of $57, 500 and accumulated depreciation of $48, 500 were sold for $1, 500 cash. Bonds payable matured and were paid off at face value for cash A cash dividend of $26.030 was declared and paid during the year. Prepare a statement of cash flows using the indirect method. Data for Odgers Inc. are presented in P12-9A. Further analysis reveals that accounts payable pertain to merchandise creditors. Prepare a statement of cash flows for Odgers Inc. using the direct method
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
