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Scully Corporation's comparative balance sheets are presented below.
December 31
2011
2010
(15,148)
(10,204)
$109,551
$118,087
23,824
18,106
$109,551
$118,087
Additional information:
Solution
Cash Flow statement using the Indirect Method:-
Particulars
Amount($)
Cash Flow From OPERATING Activities:-
Net Income
20199
Add:-Depreciation(15148-10204)
4944
Add:-Loss on Sale of Land [(25742-20033)
Cash Flow statement using the Indirect Method:-
Particulars Amount($)
Cash Flow From OPERATING Activities:-
Net Income 20199
Add:-Depreciation(15148-10204) 4944
Add:-Loss on Sale of Land [(25742-20033)

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Scully Corporation-'s comparative balance sheets are presented below-.docx

  • 1. Scully Corporation's comparative balance sheets are presented below. December 31 2011 2010 (15,148) (10,204) $109,551 $118,087 23,824 18,106 $109,551 $118,087 Additional information: Solution Cash Flow statement using the Indirect Method:- Particulars Amount($)
  • 2. Cash Flow From OPERATING Activities:- Net Income 20199 Add:-Depreciation(15148-10204) 4944 Add:-Loss on Sale of Land [(25742-20033) Cash Flow statement using the Indirect Method:- Particulars Amount($) Cash Flow From OPERATING Activities:- Net Income 20199 Add:-Depreciation(15148-10204) 4944 Add:-Loss on Sale of Land [(25742-20033)