Prepare: cash flow statement using indirect method
Question
Given: 2018 2017Net income $140,000 $160,000Depreciation
Expense 40,000 30,000
purchase of Plant assets 130,000 120,000
Disposal of plant assets 40,000 50,000
Gain (loss) on disposal of plant assets (10,000) 5,000
Accounts receivable balance 64,000 55,000
Accounts Payable Balance 42,000 39,000
Interest Expense 8,000 6,000
Income taxes paid 35,000 28,000
Dividends Paid 30,000 25,000
Common Stock issued for cash 15,000 0
Prepare:
cash flow statement using indirect method
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