A. The loss on the cash sale of equipment was $4,375 (details in b).B. Sold equipment costing $97,875, with accumulated depreciation of $47,125, for $28,625 cash. C. Purchased equipment costing $113,375 by paying $64,000 cash and signing a long-term note payable for the balance. D. Borrowed $5,700 cash by signing a short-term note payable. E. Paid $58,625 cash to reduce the long-term notes payable. F. Issued 4,200 shares of common stock for $20 cash per share. G. Declared and paid cash dividends of $53,500.Prepare a complete statement of cash flows; report its operating activities using the indirect method.

Cash Flow Statement

Cash flow from Operating Activities

Adjustment for Non - Cash items :

loss on the cash sale of equipment                            $4,375

Adjustment for Working Capital items :

Increase in short-term note payable                           $5,700

Net Cash from Operating Activities                           $10,075

Cash flow from Investing  Activities

Proceeds from sale of equipment                            $28,625

Purchase of Equipment                                            ($64,000)

Net Cash from Investing Activities                           ($35,375)

Cash flow from Financing  Activities

Repayment of the long-term notes payable           ($58,625)

Issue of Common Stocks                                           $84,000

Dividend Paid                                                            ($53,500)

Net Cash from financing Activities                           ($28,125)

Movement During the Year                                     ($53,425)

Explanation:

The Indirect method reconciles the Operating Profit to the Cash Flow from Operating Activities by adjusting the following items, (1) Non-cash items previously included or deducted from the Operating Profit and (2) Changes in Working Capital items.

there's 11 people for the 1st position. then, no matter who gets it, there's only 10 left for the second, and then 9 left for the third. 11 x 10 x 9 = 990.   the answer is there are 990 different ways the positions can be filled by these applicants