EBK MANAGERIAL ACCOUNTING
EBK MANAGERIAL ACCOUNTING
5th Edition
ISBN: 8220103613811
Author: TIETZ
Publisher: PEARSON
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Chapter 13, Problem 13.33AP

Prepare statement of cash flows (indirect method) (Learning Objectives 1 & 2)

The 2017 and 2016 balance sheets of Rabb Corporation follow. The 2017 income statement is also provided. Rabb had no noncash investing and financing transactions during 2017. During the year, the company sold equipment for $15,100, which had originally cost $13,500 and had a book value of $10,500. The company did not issue any notes payable during the year but did issue common stock for $31,000. The company purchased plant assets and long-term investments with cash.

Chapter 13, Problem 13.33AP, Prepare statement of cash flows (indirect method) (Learning Objectives 1  2) The 2017 and 2016 , example  1

13.4-40 Full Alternative Text

Chapter 13, Problem 13.33AP, Prepare statement of cash flows (indirect method) (Learning Objectives 1  2) The 2017 and 2016 , example  2Chapter 13, Problem 13.33AP, Prepare statement of cash flows (indirect method) (Learning Objectives 1  2) The 2017 and 2016 , example  3

13.4-41 Full Alternative Text

Requirements

  1. 1. Prepare the statement of cash flows for Rabb Corporation for 2017 using the indirect method.
  2. 2. Evaluate the company’s cash flows for the year. Discuss each of the categories of cash flows in your response.
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EBK MANAGERIAL ACCOUNTING

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