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(Solved): Please Answer Correctly :) At the bottom there is also a list of fill-ins for the one wrong labeled ...
Please Answer Correctly :) At the bottom there is also a list of fill-ins for the one wrong labeled account.
Condensed financial data of Wildhorse Co. are as follows.
Additional information: 1. Equipment costing $91,700 was purchased for cash during the year. 2. Investments were sold at cost. 3. Equipment costing $47,700 was sold for $13,760, resulting in gain of $8,160. 4. A cash dividend of $93,460 was declared and paid during the year.
Prepare a worksheet for the statement of cash flows using the indirect method. Enter the reconciling items directly in the worksheet columns.
Decrease in Inventory Issuance of Bonds Increase in Inventory Purchase of Equipment Depreciation Expense Increase in Accounts Payable Increase in Accounts Receivable Issuance of Common Stock Sale of Investments Gain on Disposal of Plant Assets Payment of Dividends Redemption of Bonds Sale of Plant Assets Decrease in Accounts Receivable Decrease in Accounts Payable Redemptin of Common Stock Increase in Accrued Expenses Payable Purchase of Investments Net Income Decrease in Accrued Expenses Payable