The 2014 comparative balance sheet and income statement of Riverbend Pools Inc. follow. Riverbend had no non-cash

Question:

The 2014 comparative balance sheet and income statement of Riverbend Pools Inc. follow. Riverbend had no non-cash investing and financing transactions during 2014. During the year, there were no sales of land or equipment, no issuances of notes payable, and no share repurchase transactions.

The 2014 comparative balance sheet and income statement of Riverbend
The 2014 comparative balance sheet and income statement of Riverbend

Requirements
1. Prepare the 2014 statement of cash flows by using the direct method.
2. How will what you learned in this problem help you evaluate an investment?

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Related Book For  book-img-for-question

Financial Accounting

ISBN: 978-0133472264

5th Canadian edition

Authors: Charles Horngren, William Thomas, Walter Harrison, Greg Berberich, Catherine Seguin

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