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  • Data From The Comparative Balance Sheet of Izzie Company at

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    hassan taimour
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    Izzie Company's transactions for the year ended March 31, 2014 included paying a $30,000 cash dividend, purchasing $78,700 of equipment and a $47,000 building with cash, issuing a $50,000 long-term note payable for cash, recognizing $17,300 of depreciation expense, earning $70,000 of net income, and issuing $11,000 of common shares. The document provides financial information about Izzie Company to prepare its cash flow statement for the year ended March 31, 2014 using the indirect method and evaluate its cash flows.

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    Data From the Comparative Balance Sheet of Izzie Company At

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    Izzie Company's transactions for the year ended March 31, 2014 included paying a $30,000 cash dividend, purchasing $78,700 of equipment and a $47,000 building with cash, issuing a $50,000 long-term note payable for cash, recognizing $17,300 of depreciation expense, earning $70,000 of net income, and issuing $11,000 of common shares. The document provides financial information about Izzie Company to prepare its cash flow statement for the year ended March 31, 2014 using the indirect method and evaluate its cash flows.

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    8 views1 page

    Data From The Comparative Balance Sheet of Izzie Company at

    Uploaded by

    hassan taimour
    Izzie Company's transactions for the year ended March 31, 2014 included paying a $30,000 cash dividend, purchasing $78,700 of equipment and a $47,000 building with cash, issuing a $50,000 long-term note payable for cash, recognizing $17,300 of depreciation expense, earning $70,000 of net income, and issuing $11,000 of common shares. The document provides financial information about Izzie Company to prepare its cash flow statement for the year ended March 31, 2014 using the indirect method and evaluate its cash flows.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    Data from the comparative balance sheet of Izzie Company

    at #659
    Data from the comparative balance sheet of Izzie Company at March 31, 2014, follow:Izzie
    Company’s transactions during the year ended March 31, 2014, included the
    following:Payment of cash dividend ................ $30,000Purchase of equipment for cash
    .............. 78,700Issuance of long-term note payable in exchange for cash ... 50,000Depreciation
    Expense ............... $17,300Purchase of building for cash ............... 47,000Net Income
    ..................... 70,000Issuance of common shares ............... 11,000Requirements1. Prepare
    Izzie Company’s cash flow statement for the year ended March 31, 2014, using the indirect
    method to report cash flows from operating activities.2. Evaluate Izzie’s cash flows for the year.
    Mention all three categories of cash flows and give the reason for your evaluation.View
    Solution:
    Data from the comparative balance sheet of Izzie Company at

    ANSWER
    http://paperinstant.com/downloads/data-from-the-comparative-balance-sheet-of-izzie-company-
    at/

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