Solution-Make the cash flow statement using the indirect

Make the cash flow statement using the indirect method

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Reference no: EM132701047

Question - Selected financial information for the Adelphi Company for the fiscal years ended December 31, 2018 and 2017 follows:

	2018	2017
Cash balance	$113,500	$37,500
Net income	142,500	162,000
Depreciation Expense	42,000	35,000
Purchase of Plant Assets	135,000	125,000
Disposal of Plant Assets	40,000	50,000
Gain (Loss) on Disposal of Plant Assets	(10,000)	5,000
Accounts Receivable Balance	64,500	58,000
Accounts Payable Balance	42,000	39,000
Interest Expense	8,000	6,000
Income Taxes Paid	35,000	28,000
Dividends Paid	30,000	25,000
Common Stock Issued for Cash	20,000	0

Required - Make the cash flow statement using the indirect method. Properly title the statement.

Reference no: EM132701047

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Make the cash flow statement using the indirect method

Reference no: EM132701047

Reference no: EM132701047

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