Business, 06.04.2020 18:17 gabbyk22

The following information is related to Alpha Company's fiscal year 2017.

Income Statement:
Net Income $300,000
Depreciation Expense 50,000
Gain on Sale of Plant Assets 10,000
Interest Expense 500

Balance Sheet - 12/31/17:
Increase (Decrease) Accounts Payable ($4,000)
Plant Assets - Purchased 250,000
Plant Assets - Disposals (100,000)

Additional Information:
Cash Balance - 12/31/2016: $50,000
Common Stock exchanged for outstanding Long Term Notes Payable of $125,000
Dividends paid were $25,000

Use this information to prepare the Statement of Cash Flows for Alpha Company using the indirect method.

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The following information is related to Alpha Company's fiscal year 2017.

Income Statem...

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