Question: Prepare a statement of cash flows using the indirect method. ( Show amounts that decrease cash flow with either a - sign e . g
Prepare a statement of cash flows using the indirect method. Show amounts that decrease cash flow with either sign eg or in
parenthesis eg
Adjustments to reconcile net income to
Condensed financial data of Coronado Inc. follow.
Additional information:
New plant assets costing $ were purchased for cash during the year.
Old plant assets having an original cost of $ and accumulated depreciation of $ were sold for $ cash.
Bonds payable matured and were paid off at face value for cash.
A cash dividend of $ was declared and paid during the year.
Common stock was issued at par for cash
There were no significant noncash transactions.
Prepare a statement of cash flows using the indirect method. Show amounts that decrease cash flow with either sign eg or in
parenthesis egBramble Corporations comparative balance sheets are presented below.
BRAMBLE CORPORATION
Comparative Balance Sheets
December
Cash
$
$
Accounts receivable
Land
Buildings
Accumulated depreciationbuildings
Total
$
$
Accounts payable
$
$
Common stock
Retained earnings
Total
$
$
Additional information:
Net income was $ Dividends declared and paid were $
No noncash investing and financing activities occurred during
The land was sold for cash of $
Prepare a statement of cash flows for using the indirect method. Show amounts that decrease cash flow with either a sign eg or in parenthesis eg
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