Question

Shim Company presents its statement of cash flows using the indirect method. The following accounts and corresponding balances were drawn from Shim's 2014 and 2013 year-end balance sheets:


The income statement contained a $1,500 gain on the sale of equipment, an $800 loss on the sale of land, and $3,600 of depreciation expense. Net income for the period was $47,300.

Required
Prepare the operating activities section of the statement of cashflows.


$1.99
Sales2
Views196
Comments0
  • CreatedOctober 12, 2013
  • Files Included
Post your question
5000