The following information is related to Alpha Company's fiscal year 2017. Income Statement: Net Income Depreciation...
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The following information is related to Alpha Company's fiscal year 2017. Income Statement: Net Income Depreciation Expense Gain on Sale of Plant Assets Interest Expense Balance Sheet - 12/31/17: Increase (Decrease) Accounts Payable Plant Assets Purchased Plant Assets Disposals $300,000 50,000 5,000 500 Additional Information: ($4,000) 250,000 (100,000) Cash Balance - 12/31/2016: $50,000 Common Stock exchanged for outstanding Long Term Notes Payable of $125,000 Dividends paid were $30,000 Use this information to prepare the Statement of Cash Flows for Alpha Company using the indirect method. The following information is related to Alpha Company's fiscal year 2017. Income Statement: Net Income Depreciation Expense Gain on Sale of Plant Assets Interest Expense Balance Sheet - 12/31/17: Increase (Decrease) Accounts Payable Plant Assets Purchased Plant Assets Disposals $300,000 50,000 5,000 500 Additional Information: ($4,000) 250,000 (100,000) Cash Balance - 12/31/2016: $50,000 Common Stock exchanged for outstanding Long Term Notes Payable of $125,000 Dividends paid were $30,000 Use this information to prepare the Statement of Cash Flows for Alpha Company using the indirect method.
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Cash Flows from Operating Activities Net Income 3000000 Ad... View the full answer
Related Book For
Introduction to Operations Research
ISBN: 978-1259162985
10th edition
Authors: Frederick S. Hillier, Gerald J. Lieberman
Posted Date:
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