Business, 28.04.2021 21:10, lorettawintx

The following items involve the cash flow activities of Rocky Horror Picture Co.: Net income, $41,000 Payment of dividends, $16,000 Ten-year, $28,000 bonds payable were issued at face value Depreciation expense, $11,000 Building acquired at a cost of $40,000 Accounts receivable decreased by $2,000 Accounts payable decreased by $4,000 Equipment acquired at a cost of $8,000 Inventories increased by $7,000 Beginning cash balance, $13,000 Required: Prepare Rocky Horror Picture’s statement of cash flows using the indirect method. Use a minus sign for any negative amounts.

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The following items involve the cash flow activities of Rocky Horror Picture Co.: Net income, $41,00...