Question: P12.12 Prepare a worksheet - indirect method Condensed financial data of Oakley Company appear below. OAKLEY COMPANY Comparative Balance sheet December 31 Additional information: 1.


P12.12 Prepare a worksheet - indirect method Condensed financial data of Oakley Company appear below. OAKLEY COMPANY Comparative Balance sheet December 31 Additional information: 1. Equipment costing $97,000 was purchased for cash during the year. 2. Investments were sold at their carrying value. 3. Equipment costing $47,000 was sold for $15,550, resulting in gain of $8,750. 4. A cash dividend of $83,400 was declared and paid during the year. Instructions Prepare a worksheet for the statement of cash flows using the indirect method. Enter the reconciling items directly in the worksheet columns, using letters to cross-reference each entry. NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a "?". OAKLEY COMPANY Worksheet - Statement of Cash Flows For the Year Ended December 31, 2022
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
