The Murdock Corporation reported the following balance sheet data for 2009 and 2008. Additional information for 2009: (1.) Sold available-for-sale securities costing $69,500 for $74,000.(2.) Equipment costing $20,000 with a book value of $5,000 was sold for $6,000.(3.) Issued 6% bonds payable at par, $200,000.(4.) Purchased new equipment for cash $145,000. (5.) Paid cash dividends of $20,000. (6.) Net income was $50,000.Required:Prepare a statement of cash flows for 2009 in good form using the indirect method for cash flows from operatingactivities.
View Solution:
The Murdock Corporation reported the following balance sheet dat



Source link

Leave a Reply

Your email address will not be published.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