Top Posters
Since Sunday
5
o
5
4
m
4
b
4
x
4
a
4
l
4
t
4
S
4
m
3
s
3
New Topic  
rado202 rado202
wrote...
Posts: 138
Rep: 0 0
A year ago
The following items were gathered from Rankin Corporation's general ledger:

Net income$26,000
Gain on sale of marketable securities3,000
Beginning cash balance18,000
Purchase of new factory equipment75,000
Proceeds from sale of marketable securities25,000
Depreciation8,000
Payment of cash dividends23,000
Decrease in accounts receivable6,000
Proceeds from issuance of common stock32,000
Increase in inventory12,000
Increase in accounts payable4,000
Decrease in accrued liabilities2,000

Required:

Using the indirect method, prepare Rankin's statement of cash flows in good form.
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
Author:
Read 28 times
1 Reply
Replies
Answer verified by a subject expert
adandaroozaadandarooza
wrote...
Posts: 105
Rep: 1 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

rado202 Author
wrote...

A year ago
this is exactly what I needed
wrote...

Yesterday
Just got PERFECT on my quiz
wrote...

2 hours ago
Brilliant
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  927 People Browsing
Related Images
  
 228
  
 247
  
 337
Your Opinion
What percentage of nature vs. nurture dictates human intelligence?
Votes: 387

Previous poll results: What's your favorite math subject?