The following information pertains to Arizona Company: Net income.. $ 58,000 Increase in accounts payable. . . . $ 10,800 Depreciation expense 12,200 Acquisition of equipment. 35,900 Payment of dividends. 3,000 Sale of treasury shares 4,400 Increase in accounts receivable 9,900 Payment of long-term debt. 16,800 Collection of long-term notes receivable Loss on sale of land. . Net cash provided by (used for) investing activities would be 6,300 Proceeds from sale of land 42,500 15,400 Decrease in inventories 3,800

The following information pertains to Arizona Company: Net income.. $ 58,000 Increase in accounts payable. . . . $ 10,800 Depreciation expense 12,200 Acquisition of equipment. 35,900 Payment of dividends. 3,000 Sale of treasury shares 4,400 Increase in accounts receivable 9,900 Payment of long-term debt. 16,800 Collection of long-term notes receivable Loss on sale of land. . Net cash provided by (used for) investing activities would be 6,300 Proceeds from sale of land 42,500 15,400 Decrease in inventories 3,800

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 13P: Statement of Cash Flows The following are Mueller Companys cash flow activities: a. Net income,...

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