Question

Problem 4-11 Statement of cash flows; indirect method [LO4-8]

Equipment with a book value of $600 (cost of $1,700 less accumulated depreciation of $1,100) was sold for $600.

Prepare Santana Industries' 2016 statement of cash flows, using the indirect method to present cash flows from operating activities. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands.)

Presented below are the 2016 income statement and comparative balance sheets for Santana Industries.

 



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *