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Subject: Business / Accounting
12. The following information is related to Alpha Company’s fiscal year 2017.
Income Statement:
Net Income $3,000,000
Depreciation Expense 500,000
Loss on Sale of Plant Assets 50,000
Interest Expense 5,000
Balance Sheet – 12/31/17: Increase (Decrease)
Accounts Payable ($40,000)
Plant Assets – Purchased 250,000
Plant Assets – Disposals (100,000)
Additional Information:
Common Stock exchanged for outstanding Long Term Notes Payable of $125,000
Dividends paid were $30,000
Use this information to prepare a partial Statement of Cash Flows for Alpha Company. Prepare only the section related to Cash Flows from Operating Activities.
Partial Statement of Cash Flows:
Statement of Cash Flows (Partial)
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