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Home Q & A Board Other Fields Homework Help Business Accounting
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Mostafa91 Mostafa91
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A year ago
The following items were gathered from Ledbetter Company's general ledger:

Net income$56,000
Loss on sale of equipment13,000
Beginning cash balance18,000
Purchase of new factory equipment85,000
Proceeds from sale of equipment30,000
Depreciation10,000
Payment of cash dividends20,000
Increase in accounts receivable7,000
Proceeds from bank loan25,000
Decrease in inventory17,000
Increase in accounts payable14,000
Increase in accrued liabilities4,000

Required:

Using the indirect method, construct Ledbetter's statement of cash flows.
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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itnow96itnow96
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