the income statement and additional data of noel travel products inc follow addition 4375820

The income statement and additional data of Noel Travel Products, Inc., follow: Additional data: a. Acquisition of plant assets was $150,000. Of this amount, $100,000 was paid in cash and $50,000 by signing a note payable. b. Proceeds from sale of land totaled $24,000. c. Proceeds from issuance of common stock totaled $30,000. d. Payment of long-term note payable was $15,000. e. Payment of dividends was $11,000. f. From the balance sheet Required 1. Prepare Noel’s statement of cash flows for the year ended December 31, 20X6, using the indirect method. 2. Evaluate Noel’s cash flows for the year. In your evaluation, mention all 3 categories of cash flows and give the reason for your evaluation. View Solution:
The income statement and additional data of Noel Travel Products

Related Articles

armstrong helmet company 239138

Armstrong Helmet Company manufactures a unique model of bicycle helmet Question Case project Learning Objectives: Prepare practical applications of course concepts Develop analytical and critical thinking Develop decision-making capabilities Enhance professional...

read more

Open chat
Need help? We are Online 24/7
Hello 👋
Can we help you?