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Tomm Tomm
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6 years ago
The Corn Crop Corporation gathered the following data from its accounting records for the year ended September 30, 2014:

Decrease in inventory   $ 17,000
Acquisition of building   218,500
Issuance of bonds payable   525,000
Increase in accounts receivable   47,600
Cash sales   102,900
Net income   195,000
Payment of income taxes   27,200
Loss on sale of capital assets   7,300
Declaration of stock dividend   50,500
Decrease in prepaid expenses   8,500
Collection of dividend revenue   18,600
Increase in accrued liabilities   24,500
depreciation expense   49,000
Repurchase of shares   56,000
Acquisition of machinery by issuing
non-current note payable   35,000
Decrease in accounts payable   15,600

Prepare the operating activities section of the cash flow statement for the Corn Crop Corporation using the indirect method under ASPE.
Textbook 
Financial Accounting, Canadian Edition

Financial Accounting, Canadian Edition


Edition: 5th
Authors:
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ACC 925
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msayed2004msayed2004
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