Business, 06.01.2021 17:50 idontknow11223344

The following information is available for Ivanhoe Company for the year ended December 31, 2022. Beginning cash balance $78,750
Accounts payable decrease 6,475
Depreciation expense 283,500
Accounts receivable increase 14,350
Inventory increase 19,250
Net income 497,175
Cash received for sale of land at book value 61,250
Cash dividends paid 21,000
Income taxes payable increase 8,225
Cash used to purchase building 505,750
Cash used to purchase treasury stock 45,500
Cash received from issuing bonds 350,000

Required:
Prepare a statement of cash flows using the indirect method.

Answers: 1

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The following information is available for Ivanhoe Company for the year ended December 31, 2022. Be...

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