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Use ulate the cash flow from operating activities using the indirect method. AA. Statement of Cash Flows (Indirect Method) Use the following information regarding the Surpa Corporation to (a) prepare a statement of cash flows using the indirect method and (b) compute Surpa's operating-cash-flow -to-current-liabilities ratio. Accounts payable increase. . Accounts receivable increase. . . Accrued liabilities decrease . .. Amortization expense. . Cash balance, January 1.. . Cash balance, December 31.. Cash paid as dividends ... Cash paid to purchase land . .. Cash paid to retire bonds payable at par. . Cash received from issuance of common stock... Cash received from sale of equipment . .. Depreciation expense. .. Gain on sale of equipment . . .. Inventory decrease. . . Net income. . .. am . . . $ 13,000 .. 4,000 6,000 7,000 21,000 17,000 31,000 90,000 60,000 40,000 17,000 29,000 7,000 13,000 78,000 3,000 140,000 Prepaid expenses increase ... Average current liabilities. .. A. Cash Flow Activities (Indirect Method) The Azuza Company owns no plant as-

Use ulate the cash flow from operating activities using the indirect method. AA. Statement of Cash Flows (Indirect Method) Use the following information regarding the Surpa Corporation to (a) prepare a statement of cash flows using the indirect method and (b) compute Surpa's operating-cash-flow -to-current-liabilities ratio. Accounts payable increase. . Accounts receivable increase. . . Accrued liabilities decrease . .. Amortization expense. . Cash balance, January 1.. . Cash balance, December 31.. Cash paid as dividends ... Cash paid to purchase land . .. Cash paid to retire bonds payable at par. . Cash received from issuance of common stock... Cash received from sale of equipment . .. Depreciation expense. .. Gain on sale of equipment . . .. Inventory decrease. . . Net income. . .. am . . . $ 13,000 .. 4,000 6,000 7,000 21,000 17,000 31,000 90,000 60,000 40,000 17,000 29,000 7,000 13,000 78,000 3,000 140,000 Prepaid expenses increase ... Average current liabilities. .. A. Cash Flow Activities (Indirect Method) The Azuza Company owns no plant as-

Financial Accounting: The Impact on Decision Makers
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter7: Receivables And Investments
Section: Chapter Questions
Problem 7.19MCE
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Use ulate the cash flow from operating activities using the indirect method. AA. Statement of Cash Flows (Indirect Method) Use the following information regarding the Surpa Corporation to (a) prepare a statement of cash flows using the indirect method and (b) compute Surpa's operating-cash-flow -to-current-liabilities ratio. Accounts payable increase. . Accounts receivable increase. . . Accrued liabilities decrease . .. Amortization expense. . Cash balance, January 1.. . Cash balance, December 31.. Cash paid as dividends ... Cash paid to purchase land . .. Cash paid to retire bonds payable at par. . Cash received from issuance of common stock... Cash received from sale of equipment . .. Depreciation expense. .. Gain on sale of equipment . . .. Inventory decrease. . . Net income. . .. am . . . $ 13,000 .. 4,000 6,000 7,000 21,000 17,000 31,000 90,000 60,000 40,000 17,000 29,000 7,000 13,000 78,000 3,000 140,000 Prepaid expenses increase ... Average current liabilities. .. A. Cash Flow Activities (Indirect Method) The Azuza Company owns no plant as-
Transcribed Image Text:Use ulate the cash flow from operating activities using the indirect method. AA. Statement of Cash Flows (Indirect Method) Use the following information regarding the Surpa Corporation to (a) prepare a statement of cash flows using the indirect method and (b) compute Surpa's operating-cash-flow -to-current-liabilities ratio. Accounts payable increase. . Accounts receivable increase. . . Accrued liabilities decrease . .. Amortization expense. . Cash balance, January 1.. . Cash balance, December 31.. Cash paid as dividends ... Cash paid to purchase land . .. Cash paid to retire bonds payable at par. . Cash received from issuance of common stock... Cash received from sale of equipment . .. Depreciation expense. .. Gain on sale of equipment . . .. Inventory decrease. . . Net income. . .. am . . . $ 13,000 .. 4,000 6,000 7,000 21,000 17,000 31,000 90,000 60,000 40,000 17,000 29,000 7,000 13,000 78,000 3,000 140,000 Prepaid expenses increase ... Average current liabilities. .. A. Cash Flow Activities (Indirect Method) The Azuza Company owns no plant as-
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