Question

From the following income statement (Figure 21.15), balance sheet (Figure 21.16), and additional data for Danley Company, prepare a statement of cash flows using the indirect method.

Additional Data:
1. All Plant and Equipment was purchased with cash.
2. Sold additional 5,000 shares of stock for cash at par.
3. A $1,100 dividend was declared and paid.
4. Short-term notes used to finance inventory.
In Figure 21.15
DANLEY COMPANY
INCOME STATEMENT
FOR THE YEAR ENDED DECEMBER 31, 2012


In Figure 21.16
DANLEY COMPANY
BALANCE SHEET
DECEMBER 31,2012


$1.99
Sales0
Views83
Comments0
  • CreatedApril 24, 2014
  • Files Included
Post your question
5000