Computing cash flows from operating activities- indirect method
Not what you're looking for?
Computing cash flows from operating activities- indirect method:
Street cellular accountants have assembled the following data for the year ended june 30, 2012:
Cash receipt from sale of land 29,000 Net income 64,000
Depreciation expense 19,000 Purchase of equipment 44,000
Payment of dividends 5,700 Decrease in current liabilities 7,000
Cash receipt from issuance of Increse in current assets
common stock 16,000 other than cash 13,000
Requirement:
1. prepare the operating activities section using the indirect method for street cellular's statement of cash flows for the year ended june 30, 2012.
Purchase this Solution
Solution Summary
The expert computes the cash flows from operating activities using the indirect method.
Solution Preview
Street Cellulars Company
Statement of Cash Flows- Indirect Method
For the Year Ended December 30, 2012
Cash Flows from Operating Activities:
Sources of cash:
Net ...
Purchase this Solution
Free BrainMass Quizzes
Business Ethics Awareness Strategy
This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.
Change and Resistance within Organizations
This quiz intended to help students understand change and resistance in organizations
Situational Leadership
This quiz will help you better understand Situational Leadership and its theories.
Accounting: Statement of Cash flows
This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.
Basics of corporate finance
These questions will test you on your knowledge of finance.