Question

The comparative statement of financial position of Marubeni Corporation for the fiscal year ending December 31, 2014, follows:
Net income of $37,000 was reported and dividends of $13,000 were paid in 2014. New equipment was purchased, and equipment with a carrying value of $5,000 (cost of $ 12,000 and accumulated depreciation of $7,000) was sold for $8,000.
Instructions
Prepare a statement of cash flows using the indirect method for cash flows from operating activities. Assume that Marubeni prepares financial statements in accordance with ASPE.


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  • CreatedSeptember 18, 2015
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