Question

Available financial information for Blue Bomber Company is as follows:
The following additional information is available:
a. Cash dividends of $45,000 were declared and paid during the year.
b. Equipment was purchased for cash.
c. A portion of bonds payable matured and was paid with cash.
d. Common stock was issued for cash.
Required
Prepare a complete statement of cash flows for Blue Bomber for 2012 using the direct method for the operating activities section. In a separate schedule, show the operating activities section using the indirect method.


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  • CreatedJuly 16, 2015
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