Question: The following changes in account balances and other information for 2007

The following changes in account balances and other information for 2007 were taken from the accounting records of the Noble Company:


Other information: Net income was $9,900. Dividends were declared and paid. Land was sold for $1,700; a building was purchased for $23,000. No land was purchased and no buildings and equipment were sold. Bonds payable were issued at the end of the year. Two hundred shares of stock were issued for $15 per share. The beginning cash balance was $4,800.
Required
Using visual inspection, prepare a 2007 statement of cash flows for the NobleCompany.


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  • CreatedMarch 10, 2012
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