Statement of Cash Flow: Indirect Method
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Statement Of Cash Flow - Indirect Method
Net Income: 42,500
Adjustments:
Depreciation - Machinery 6375
Depreciation - Buildings 13,500
Increase in Accts. Receivables 10,500
Increase in Inventories 6,000
Increase in accounts payable 10,250
Gain on sale of investment 3,750
Loss on sale of machinery -800
Net cash flow from operating activities 92,075
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This solution assists with the statement of cash flow.
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Indirect Method Cash Flow
Comparative Balance Sheet Accounts:
Debit Accounts
Cash 42,000 33,750
A/R 70,500 60,000
Merchandise Inventory 30,000 30,000
Investments (available for sale) 22,250 38,500
Machinery 30,000 18,750
Buildings 67,500 56,250
Land 7,500 ...
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