The following items involve the cash flow activities of Prizzie Company for 2020: Net income Payment...
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The following items involve the cash flow activities of Prizzie Company for 2020: Net income Payment of dividends 1,000 shares of stock issued at $20 par Amortization expense on patents Plant assets acquired at a cost of Accounts receivable increase of Accounts payable decrease of Salaries payable increase of Beginning cash balance Required: $162,000 $25,000 $20,000 $ 7,000 $77,000 $9,000 $12,000 $ 8,500 $18,000 Prepare the statement of cash flows of Prizzie Company for 2020 using the indirect method. The following items involve the cash flow activities of Prizzie Company for 2020: Net income Payment of dividends 1,000 shares of stock issued at $20 par Amortization expense on patents Plant assets acquired at a cost of Accounts receivable increase of Accounts payable decrease of Salaries payable increase of Beginning cash balance Required: $162,000 $25,000 $20,000 $ 7,000 $77,000 $9,000 $12,000 $ 8,500 $18,000 Prepare the statement of cash flows of Prizzie Company for 2020 using the indirect method.
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Related Book For
Intermediate Accounting
ISBN: 978-0324659139
11th edition
Authors: Loren A. Nikolai, John D. Bazley, Jefferson P. Jones
Posted Date:
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