Cash Flow Statement - Indirect Method
Condensed financial data of Odgers Inc. follow.(attached)
1. New plant assets costing $153,000 were purchased for cash during the year.
2. Old plant assets having an original cost of $87,975 and accumulated depreciation of $74,205 were sold for $2,295 cash.
3. Bonds payable matured and were paid off at face value for cash.
4. A cash dividend of $39,827 was declared and paid during the year.
Prepare a statement of cash flows using the indirect method.(Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)© SolutionLibrary Inc. solutionlibary.com August 8, 2020, 7:54 pm 9836dcf9d7 https://solutionlibrary.com/business/accounting/cash-flow-statement-indirect-method-jdk8