AnorMED Inc a software retailer recently completed its 2014 operations
AnorMED Inc., a software retailer, recently completed its 2014 operations. The following information is available:

Additional information regarding AnorMED’s activities during 2014:
1. Equipment was purchased for $64,848 cash.
2. Issued 3,360 common shares for cash at $28 per share.
3. Declared and paid $147,840 of cash dividends during the year.

Prepare a statement of cash flows for 2014 that reports the cash inflows and outflows from operating activities according to the indirect method. Show your supporting calculations.
Analysis Component: The net increase in cash during 2014 for AnorMED Inc. was $49,560. Briefly explain what caused this change using the statement of cash flows preparedabove.
Membership TRY NOW
  • Access to 800,000+ Textbook Solutions
  • Ask any question from 24/7 available
  • Live Video Consultation with Tutors
  • 50,000+ Answers by Tutors
Relevant Tutors available to help