Use the Northstar Corp. Terancial statements and supplementary information given below to prepare a statement...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Use the Northstar Corp. Terancial statements and supplementary information given below to prepare a statement of cash flows for the year ended December 31, 2014 using the indirect method Additional Information a Purchased machinery for $39.000 cash Sold the long term investment on January 1, 2014 for $12.000 Soid machinery for 518.500 cash that had originally cost $65.500 and had $47.000 of accumulated depreciation dissued $39.000 of bonds payable atace value The short-term investment is a treasury i at was purchased with maturity in 90 days Statement of North Corp Come Balance Sheetation December Assets 2014 2013 CE 166700 150.000 Shomines 000 16.000 Accounts receivable 123.000 5.000 Merchandise 2600 78.000 Log investment 0 2001 101 500 230 000 Accumulated depreca 34000)1100D Test $61.000 Cashow troopers to reconhe et cone to cash provided by pett X comes from investing Cathoce de Lates Apayat Die Bo para She capita Reding Totalt and 3600 18000 35 000 319.000 213.000 126600 6100 29 000 . 315.000 152.000 561.000 Catego Cathedya Core com sem Fond December 2014 San Oslof Goods Deprecation powe 3100 omare 3 000 000 Los on sale flog 30.000 No 60 500000
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!