Question

Prepare the statement of cash flows using the indirect method. The income statement for 2014 and the balance sheets for 2014 and 2013 are presented for Griffin Industries.




Additional information follows:
a. Sold plant asset for $ 4,500. Original cost of this plant asset was $ 10,500 and it had $ 9,000 of accumulated depreciation associated with it.
b. Paid $ 5,500 on the bonds payable; issued $ 39,500 of new bonds payable.
c. Declared and paid cash dividends of $ 19,400.
d. Purchased new investment for $ 18,000.
e. Purchased new equipment for $ 40,500.

Requirement
Prepare a statement of cash flows for Griffin Industries, Inc., for the year ended December 31, 2014, using the indirectmethod.


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  • CreatedAugust 27, 2014
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