ACC 560 MART Invent Yourself/acc560mart.com ACC 560 MART Invent Yourself/acc560mart.com | Page 66

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.
( j)
Purchased inventory on account.