Question

The comparative balance sheets for Nelson Company appear below:


Additional information:
1. Net income for the year ending December 31, 2012, was $20,000.
2. Cash dividends of $12,000 were declared and paid during the year.
3. Long-term investments that had a book value of $18,000 were sold for $13,000.
4. Sales for 2012 are $120,000.
5. Issued new common stock of $50,000 in exchange for new equipment

Instructions
Prepare a statement of cash flows for the year ended December 31, 2012, using the indirectmethod.


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  • CreatedAugust 05, 2013
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