Additional information about the corporation's activities during 2023 follows: All merchandise purchases were for cash All equipment acquisitions were for cash Total Depreciation Expense $9000 Net Income for 2023 $40,000 The company declared $20,000 of cash dividends and paid $18,000. Prepare a statement of cash flows for 2023 using the indirect method of calculating the net cash provided/used. Include all activities; adjustments and correct terminology for each item (list all inflow/outflow activities). Statement of Cash flow XX XXXXXXXX Cash flows from operating activities: Net cash inflow/outflow from operating activities Cash flows from investing activities: Net cash inflow/outflow from investing activities Cash flows from financing activities: Net cash inflow/outflow from financing activities Net increase/decrease in cash Cash balance at beginning of year Cash balance at end of year\

Answer rating: 100% (QA)

To prepare the statement of cash flows using the indirect method we need to consider the adjustments ... View the full answer