Back
Uncategorized

Keeper Cooperations income statement for the year ended June 30 2014 and its com

Keeper Cooperations income statement for the year ended June 30 2014 and its comparative balance sheets for June 30 2014 and 2013 follow. AND SO ON ..Keeper issued a $22000 note payable for purchase of furniture; sold at carrying value furniture that cost $27000 with accumulated depreciation of $15300; recorded depreciation on the furniture for the year $19300; repaid a note in the amount of $28000; issued $25000 of common stock at par value; and paid dividends of $4300. Required:Prepare Keepers statement of cash flows for the year 2014 using the indirect method.