Business, 14.07.2020 20:01 spacehunter22

Nathan Herrmann has completed the basic format to be used in preparing the statement of cash flows (indirect method) for CEO Consultants. Listed below in random order are line items to be included in the statement of cash flows. Purchase of equipment $229,000
Increase in inventory 27,000
Increase in prepaid rent 5,500
Payment of dividends 32,000
Depreciation expense 10,000
Increase in accounts receivable 49,000
Increase in accounts payable 18,000
Loss on sale of land 15,000
Net income 63,000
Repayment of notes payable 44,000
Cash received from the sale of land 6,000
Issuance of common stock 248,000

Required:
Prepare the statement of cash flows for CEO Consultants using the indirect method.

Answers: 3

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Nathan Herrmann has completed the basic format to be used in preparing the statement of cash flows (...

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