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From the following balance sheet information and other data, prepare a statement of cash flows for Brown Company, using the indirect method: Other...

From the following balance sheet information and other data, prepare a statement of cash flows for

Brown Company, using the indirect method:

From the following balance sheet information and other data, prepare a statement of cash flows for Brown Company, using the indirect method: Other data: (7) Machinery with a cost of $450 and a book value of $240 was sold for $190. (8) Machinery was purchased for $630. (9) Treasury stock was sold for $250 cash. (10) Land with a fair market value of $1,500 was purchased by the issuance of a long- term note payable. (11) Preferred stock was issued for $230 cash.
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(12) The remaining changes in the Preferred Stock account and in the Paid-in-Capital in Excess of Par account resulted from the issuance of preferred stock to retire $500 of bonds payable.
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BROWN COMPANY C.F.S.docx

BROWN COMPANY STATEMENT OF
INDIRECT CASH FLOW
Profit before tax 1060 Non-cash adjustments
Depreciation for the period 320 Patents 40 Loss on disposal of machinery 50 Net non-cash adjustments 410...

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