Prepare a statement of cash flows for 2010.
a. sold common stock for $10,000 in cash
b. Had net income of $60,000 after income taxes
c. Sold bonds payable for $40,000 cash at par value
d. Completed a major addition to the building got $60,000 in cash e. Bought adicional land for $25,000 in cash
f. Paid common stock dividens of $15,000 in cash
g.Amortized intangible assets for $600
h. The short-term note payable resulted from operating activities not borrowing of financing activities.
Analize: Explain why an increase in accounts payable is considered an adjustement to cash flows from operating activities.
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