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Unformatted text preview: (14,000) Deduct: Inventory increase (32,000) Deduct: Notes payable decrease (current) (27,000) Cash Flow From Operations $126,000 1 Homework Quiz15 Name Section ABC Company has the following information for the year ended 2009. Item Amount Accounts payable increase $10,000 Accounts receivable increase 14,000 Common stock increase 50,000 Depreciation expense 43,000 Income taxes payable increase (current) 12,000 Inventory increase 32,000 Investment in CDE Common stock increase (current) 30,000 Long-term debt increase 25,000 Loss on sale of land 29,000 Net income 84,000 Notes payable decrease (current) 27,000 Prepaid rent decrease 21,000 Property, plant and equipment decrease 80,000 Treasury stock decrease 18,000 Required : 1. In the table below enter the Cash Flow From Operations (Indirect Method) for ABC Company for 2009. Item Amount 2...
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This note was uploaded on 04/09/2011 for the course MGMT 351 taught by Professor Staff during the Winter '08 term at Purdue University-West Lafayette.
- Winter '08