The following information is available for Tamarisk, Inc. for the year ended December 31, 2017. Beginning...
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The following information is available for Tamarisk, Inc. for the year ended December 31, 2017. Beginning cash balance $ 47,205 Accounts payable decrease Depreciation expense 3,881 169,938 8,602 Accounts receivable increase Inventory increase 11,539 298,021 36,715 12,588 4,930 Net income Cash received for sale of land at book value Cash dividends paid Income taxes payable increase Cash used to purchase building Cash used to purchase treasury stock Cash received from issuing bonds 303,161 27,274 209,800 Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a sign e.g. -15,000 or in parenthesis e.g. (15,000).) Tamarisk, Inc. Statement of Cash Flows-Indirect Method Adjustments to reconcile net income to # The following information is available for Tamarisk, Inc. for the year ended December 31, 2017. Beginning cash balance $ 47,205 Accounts payable decrease Depreciation expense 3,881 169,938 8,602 Accounts receivable increase Inventory increase 11,539 298,021 36,715 12,588 4,930 Net income Cash received for sale of land at book value Cash dividends paid Income taxes payable increase Cash used to purchase building Cash used to purchase treasury stock Cash received from issuing bonds 303,161 27,274 209,800 Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a sign e.g. -15,000 or in parenthesis e.g. (15,000).) Tamarisk, Inc. Statement of Cash Flows-Indirect Method Adjustments to reconcile net income to #
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Cash balance at end year 39956400 Tamarisk Inc Statement of Cash Flows For year ended ... View the full answer
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
Posted Date:
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