Question

From the income statement (Figure 21.17) and balance sheet (Figure 21.18), along with the additional data for Dean 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 7,000 shares of stock for cash at par.
3. A $1,500 dividend was declared and paid.
4. Short-term notes used to finance inventory.
In FIGURE 21.17
DEAN COMPANY
INCOME STATEMENT
FOR THE YEAR ENDED DECEMBER 31, 2012


In FIGURE 21.18
DEAN COMPANY
BALANCE SHEET
DECEMBER 31,2012


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  • CreatedApril 24, 2014
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