Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta

تمرين 30

Complete the following spreadsheet in preparation of the statement of cash flows. (The statement of cash flows is not required.) Prepare the spreadsheet as in Exhibit 16A.1; report operating activities under the indirect method. Identify the debits and credits in the Analysis of Changes columns with letters that correspond to the following transactions and events a through h.
a. Net income for the year was $100,000.
b. Dividends of $80,000 cash were declared and paid.
c. Scoreteck's only noncash expense was $70,000 of depreciation.
d. The company purchased plant assets for $70,000 cash.
e. Notes payable of $20,000 were issued for $20,000 cash.
f. Change in accounts receivable.
g. Change in inventory.
h. Change in accounts payable.

REFERENCE: Exhibit 16A.1