Solution-Create a statement of cash flows using the

Create a statement of cash flows using the indirect method

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Reference no: EM132534296

Question - The following information is available for Stamos Corporation for the year ended December 31, 2017.

Beginning cash balance $45,000

Accounts payable decrease 3,700

Depreciation expense 162,000

Accounts receivable increase 8,200

Inventory increase 11,000

Net income 284,100

Cash received for sale of land at book value 35,000

Cash dividends paid 12,000

Income taxes payable increase 4,700

Cash used to purchase building 289,000

Cash used to purchase treasury stock 26,000

Cash received from issuing bonds 200,000

Required - Create a statement of cash flows using the indirect method.

Reference no: EM132534296

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Create a statement of cash flows using the indirect method

Reference no: EM132534296

Reference no: EM132534296

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