Question

Meera Corporation’s comparative balance sheets are presented below.


Additional information:
1. Net income was $22,766. Dividends declared and paid were $17,716. 
2. All other changes in noncurrent account balances had a direct effect on cash flows, except the change in accumulated depreciation. The land was sold for $4,890. 
(a) Prepare a statement of cash flows for 2014 using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000, or in parenthesis e.g.(15,000).)


$1.99
Sales0
Views152
Comments0
  • CreatedAugust 26, 2013
  • Files Included
Post your question
5000