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    Jan 16, 2013, 12:30 AM
    How to make a cash flow statement using indirect method
    Please help to make a cash flow statement (indirect method)
    balance sheet 2010/2009

    cash 30,000/35,000
    accounts receivable (net) 55,000/45,000
    inventory 65,000/45,000
    prepaid expenses 15,000/25,000
    equipment 90,000/75,000
    accumulated depreciation (18,000)/(8,000)
    Land 70,000/40,000
    total 307,000/257,000

    Accounts payable 65,000/52,000
    accrued expenses 15,000/18,000
    notes payable - bank 0/23,000
    bonds payable 30,000/0
    common stock 189,000/159,000
    retained earnings 8,000/5,000
    total 307,000/257,000

    additional information:

    1)Land was acquired for $30,000 in exchange for common stock, par $30,000, during the year
    2)All equipment purchased was for cash.
    3)Equipment costing $13,000 was sold for $3,000; book value of the equipment was $6,000.
    4)Cash dividends of $9,000 were declared and paid during the year.

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