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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.