Indirect method of cash flows
I Have To Prepare Annual Statement Of Cash Flow Using Indirect Methid Of Disclosing Cash Flows From Operations.
The Given Data Is Ending Balance Beginning Balance
Accounts Receivable 12000 19000
Inventory 4000 11000
Supplies 1000 2500
Prepaid Rent 3500 3000
Accounts Payable 15000 14000
Unearned Rent Revenue 6000 1500
Salaries Payable 1000 2000
During The Year, The Following Transactions Were Recorded
The Purchase Of Investment Securities $12,000
The Payment Of Cash Dividends $3,000
The Sale Of Land Costing $40,000 For Proceeds Of $54,000
The Annual Depreciation Of Plant And Equipment $9,000
The Issue Of Common Stock For Cash $5000
Annual Accrual Net Income $156,000
The Net Cash Is $214,500
But Iam Getting $216,000
Thx In Asvance