Question

Kline Corporation’s financial statements follow. Additional information contained in the records revealed that equipment, having a cost of $ 52,500 and accumulated depreciation of $ 44,700, was sold for $ 14,342 cash. Also, 5,250 shares of common stock having a par value of $ 10 per share were sold for $ 63,000.


Kline Corporation
Comparative Balance Sheet
December 31, 2013 and December 31, 2012


Required
Prepare a statement of cash flows for 2013 using the indirect method of presenting cash flows from operatingactivities.


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  • CreatedOctober 21, 2014
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