Avatar Company uses the indirect method to prepare its statement of cash flows. Using the worksheet shown below, enter the adjustments needed to record the following transactions:
Issued Common Stock for $28,000
Issued new Long-Term Notes Payable for $34,000
Repaid Long-Term Notes Payable for $40,000 Net Increase (Decrease)in Cash
Total

Question

Avatar Company uses the indirect method to prepare its statement of cash flows. Using the worksheet shown below, enter the adjustments needed to record the following transactions:
Issued Common Stock for $28,000
Issued new Long-Term Notes Payable for $34,000
Repaid Long-Term Notes Payable for $40,000   Net Increase (Decrease)in Cash
Total

Quizplus · Accepted Answer

The Answer of Avatar Company uses the indirect method to prepare its statement of cash flows. Using the worksheet shown below, enter the adjustments needed to record the following transactions:
Issued Common Stock for $28,000
Issued new Long-Term Notes Payable for $34,000
Repaid Long-Term Notes Payable for $40,000   Net Increase (Decrease)in Cash
Total

Avatar Company Uses the Indirect Method to Prepare Its Statement