Prepare cash flow statement using indirect method. Given information: The company purchased land and equipment worth of $66,000 and $62,000. The company earned profit of $10,000 by selling equipment. Company issued common stock worth of $30,000. The depreciation expenses of the company is $11,400. The net income of the company is $26,400.

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Answer 1

Question

Chapter 14, Problem 19PSA

To determine

Prepare cash flow statement using indirect method.

Given information:

The company purchased land and equipment worth of $66,000 and $62,000. The company earned profit of $10,000 by selling equipment. Company issued common stock worth of $30,000.

The depreciation expenses of the company is $11,400. The net income of the company is $26,400.

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Answer 2

Question

Chapter 14, Problem 19PSA

To determine

Prepare cash flow statement using indirect method.

Given information:

The company purchased land and equipment worth of $66,000 and $62,000. The company earned profit of $10,000 by selling equipment. Company issued common stock worth of $30,000.

The depreciation expenses of the company is $11,400. The net income of the company is $26,400.

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Answer 3

Question

Chapter 14, Problem 19PSA

To determine

Prepare cash flow statement using indirect method.

Given information:

The company purchased land and equipment worth of $66,000 and $62,000. The company earned profit of $10,000 by selling equipment. Company issued common stock worth of $30,000.

The depreciation expenses of the company is $11,400. The net income of the company is $26,400.

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Answer 4

Question

Chapter 14, Problem 19PSA

To determine

Prepare cash flow statement using indirect method.

Given information:

The company purchased land and equipment worth of $66,000 and $62,000. The company earned profit of $10,000 by selling equipment. Company issued common stock worth of $30,000.

The depreciation expenses of the company is $11,400. The net income of the company is $26,400.

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Answer 5

Chapter 14, Problem 19PSA

To determine

Prepare cash flow statement using indirect method.

Given information:

The company purchased land and equipment worth of $66,000 and $62,000. The company earned profit of $10,000 by selling equipment. Company issued common stock worth of $30,000.

The depreciation expenses of the company is $11,400. The net income of the company is $26,400.

Answer 6

Chapter 14, Problem 19PSA

To determine

Prepare cash flow statement using indirect method.

Given information:

The company purchased land and equipment worth of $66,000 and $62,000. The company earned profit of $10,000 by selling equipment. Company issued common stock worth of $30,000.

The depreciation expenses of the company is $11,400. The net income of the company is $26,400.

Answer 7

Chapter 14, Problem 19PSA

To determine

Prepare cash flow statement using indirect method.

Given information:

The company purchased land and equipment worth of $66,000 and $62,000. The company earned profit of $10,000 by selling equipment. Company issued common stock worth of $30,000.

The depreciation expenses of the company is $11,400. The net income of the company is $26,400.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 14 - Prob. 1LO Ch. 14 - Prob. 2LO Ch. 14 - Prob. 3LO Ch. 14 - Prob. 4LO Ch. 14 - Prob. 1Q Ch. 14 - Prob. 2Q Ch. 14 - Prob. 3Q Ch. 14 - Prob. 4Q Ch. 14 - 5. Forsyth Company had a beginning balance in...Ch. 14 - Prob. 6Q

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Chapter 14 Solutions