One Way Cellular accountants have assembled the following data for the year ended Sept 30,...
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Accounting
One Way Cellular accountants have assembled the following data for the year ended Sept 30, 2012. Decrease in current liabilities for the period were 15,000.
Payment of dividends
$6,000
Net Income
$55,000
Depreciation expense
15,000
Purchase of equipment
39,000
Cash receipt from sale of land
34,000
Issuance of Bonds
5,000
Cash receipt from issuance of common stock
30,000
Increase in current assets other than cash
14,000
Prepare the cash flow statement using the indirect method of One Way Cellular's statement of cash flows for the year ended Sept 30, 2012.
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