Question

Here are comparative balance sheets for Velo Company.


Additional information:
1. Net income for 2014 was $93,000.
2. Cash dividends of $35,000 were declared and paid.
3. Bonds payable amounting to $50,000 were redeemed for cash $50,000.
4. Common stock was issued for $42,000 cash.
5. No equipment was sold during 2014, but land was sold at cost.

Instructions
Prepare a statement of cash flows for 2014 using the indirectmethod.


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  • CreatedJanuary 30, 2014
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