Exercise 12-6
The following information is available for Oscar Corporation for the year ended December 31, 2012.
|
Beginning cash balance |
$ 97,920 |
|
|
Accounts payable decrease |
8,051 |
|
|
Depreciation expense |
352,512 |
|
|
Accounts receivable increase |
17,843 |
|
|
Inventory increase |
23,936 |
|
|
Net income |
618,202 |
|
|
Cash received for sale of land at book value |
76,160 |
|
|
Cash dividends paid |
26,112 |
|
|
Income taxes payable increase |
10,227 |
|
|
Cash used to purchase building |
628,864 |
|
|
Cash used to purchase treasury stock |
56,576 |
|
|
Cash received from issuing bonds |
435,200 |
Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign
e.g. -15,000 or in parenthesis e.g. (15,000).)
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