ACC 560 MART Education Terms/acc560mart.com ACC 560 MART Education Terms/acc560mart.com | Page 58

Retained earnings
23,130
20,000
_________

_________

Total
$110,500

$120,100

Instructions
a. Prepare a statement of cash flows for 2017 using the indirect
method.
b. Compute free cash flow.
P13-1A
You are provided with the following transactions that took place
during a recent fiscal year.
(a)

Recorded depreciation expense on the plant assets.

(b)

Recorded and paid interest expense.

(c)

Recorded cash proceeds from a disposal of plant assets.

(d)

Acquired land by issuing common stock.

(e)

Paid a cash dividend to preferred stockholders.

(f)

Paid a cash dividend to common stockholders.

(g)

Recorded cash sales.

(h)

Recorded sales on account.

(i)

Purchased inventory for cash.