O’My Corporation had the following transactions during the month:

• Sold office furniture for $13,000.  Cost was $17,800 and accumulated depreciation was $14,400.
• Purchased equipment for $20,000
• Paid a $15,000 note payable off.
• The company wrote off $25,000 of fully depreciated long term assets.
• The company agreed to allow the president to borrow $15,000 on a note from the corporation next month if he needed the funds.
• Borrowed $35,000 on a new note payable
• Converted a $100,000 bond payable into common stock.  Each bond was worth 200 shares of $5 par with a market price of $15.
• Declared and paid $8,000 in cash dividends
• Loss for the period was $45,000

Required:  compute a cash flow statement

Answer rating: 100% (QA)

Cash Flow Statement Cash flow from operating Activities ... View the full answer