Use the following data to prepare a statement of cash flows for the year ended December 31 using the indirect method Cash balance at prior year-end Increase in wages payable Depreciation expense Gain on sale of equipment Net income Cash received from issuing stock Cash received from sale of equipment Cash paid for dividends Increase in prepaid expenses Decrease in accounts receivable 8, 600 360 860 460 5,200 2,200 2,500 260 1,600 660

Use the following data to prepare a statement of cash flows for the year ended December 31 using the indirect method Cash balance at prior year-end Increase in wages payable Depreciation expense Gain on sale of equipment Net income Cash received from issuing stock Cash received from sale of equipment Cash paid for dividends Increase in prepaid expenses Decrease in accounts receivable 8, 600 360 860 460 5,200 2,200 2,500 260 1,600 660

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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Calculate the operating cash index for the below quarter.
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