Question

The comparative balance sheet for Mosaic Travel Services, Inc., for December 31, 2014 and 2013, is as follows:


The following information is taken from the records of Mosaic Travel Services, Inc.:
a. Land was sold for $ 5,600.
b. Equipment was purchased for cash.
c. There were no disposals of equipment during the year.
d. The common stock was issued for cash.
e. Net income for 2014 was $ 33,000.
f. Cash dividends paid during the year were $ 10,000. Mosaic Travel Services, Inc., uses the indirect method for preparing the statement of cash flows. Prepare the operating section of the statement of cash flows for2014.


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  • CreatedAugust 27, 2014
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