The following information is available for Oscar Corporation for the - 14705

Solution Posted by
yousafbhutta

yousafbhutta

Rating : (28)C
Solution Detail
Price: $1.00
  • From: Business,
  • Posted on: Thu 08 Nov, 2012
  • Request id: None
  • Purchased: 0 time(s)
  • Average Rating: No rating
Request Description

 

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).)