Purchase of equipment $ 221,000 Increase in inventory 27,000 Increase in prepaid rent Payment of dividends Depreciation expense 8,500 33,000 12,000 Increase in accounts receivable 47,000 Increase in accounts payable 16,000 Loss on sale of land 14,500 Net income 63,000 Repayment of notes payable 43,000 Cash received from the sale of land 4,000 Issuance of common stock 243,000

Purchase of equipment $ 221,000 Increase in inventory 27,000 Increase in prepaid rent Payment of dividends Depreciation expense 8,500 33,000 12,000 Increase in accounts receivable 47,000 Increase in accounts payable 16,000 Loss on sale of land 14,500 Net income 63,000 Repayment of notes payable 43,000 Cash received from the sale of land 4,000 Issuance of common stock 243,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Cash flow from operating activity????
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create a statement of cash flow direct method