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Indigo Corporation is preparing its Statement of Cash Flows

Resolved Question:

Indigo Corporation is preparing its Statement of Cash Flows for the year ended December 31, 20X2 using the indirect method and has developed the following data:

Increase in deferred tax liabilities 23,000
Decrease in accounts payable (58,000)
Increase in accrued interest payable 43,000
Interest paid 31,000
Proceeds from issuance of long-term debt 600,000
Increase in capital lease payable 67,000
Payments on long-term debt (49,000)
Purchase of bonds payable 90,000

Based on the information developed above, Indigo would report net cash provided from financing activities of:

a. 551,000
b. 587,000
c. 618,000
d. 677,000
Submitted: 7 years ago.
Category: Homework
Expert:  Linda_us replied 7 years ago.

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