7-Lafarge_case

7-Lafarge_case - (c) All accounts payable relate to...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
LAFORGE COMPANY CASE The following information is also available for 2005: (a) Plant assets were sold for their book value of $200 during the year. The assets had an original cost of $330. (b) Cash dividends totaling $75 were paid during the year.
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: (c) All accounts payable relate to inventory purchases. (d) All purchases of plant assets were cash transactions. Prepare a statement of cash flows for 2005 using the indirect method....
View Full Document

Ask a homework question - tutors are online