The following information is available for Flint Corporation for the year ended December 31, 2025. Beginning...
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The following information is available for Flint Corporation for the year ended December 31, 2025. Beginning cash balance $67,500 Accounts payable decrease 5.550 Depreciation expense 243,000 Accounts receivable increase 12,300 Inventory increase 16.500 Net income 426,150 Cash received for sale of land at book value 52,500 Cash dividends paid 18,000 Income taxes payable increase 7.050 Cash used to purchase building 433,500 Cash used to purchase treasury stock 39.000 Cash received from issuing bonds 300,000 Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign eg. -15,000 or in parenthesis e.g. (15,000).) The following information is available for Flint Corporation for the year ended December 31, 2025. Beginning cash balance $67,500 Accounts payable decrease 5.550 Depreciation expense 243,000 Accounts receivable increase 12,300 Inventory increase 16.500 Net income 426,150 Cash received for sale of land at book value 52,500 Cash dividends paid 18,000 Income taxes payable increase 7.050 Cash used to purchase building 433,500 Cash used to purchase treasury stock 39.000 Cash received from issuing bonds 300,000 Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign eg. -15,000 or in parenthesis e.g. (15,000).)
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