Solution-Analysis of selected accounts of orlando company

Analysis of selected accounts of orlando company

Reference no: EM13548041

Statement of Cash Flows-Indirect Method

The following information was obtained from analysis of selected accounts of Orlando Company for the year ended December 31, 2008.

Increase in long-term debt	$ 57,000
Purchase of treasury stock	52,000
Depreciation and amortization	197,000
Gain on sale of equipment (included in net income)	6,000
Proceeds from issuance of common stock	184,000
Purchase of equipment	434,000
Proceeds from sale of equipment	20,000
Payment of dividends	49,000
Net income	375,000
Increase (decrease) in working capital accounts:
Cash	$ 45,000
Accounts receivable	229,000
Inventories	275,000
Trade notes payable	167,000
Accounts payable	124,000
Income taxes payable	(34,000)
Cash balance, January 1, 2008	120,000

Instructions: From the information given, prepare a statement of cash flows using the indirect method.

Reference no: EM13548041

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Analysis of selected accounts of orlando company

Reference no: EM13548041

Reference no: EM13548041

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