Question: The following changes in account balances were taken from Walson

The following changes in account balances were taken from Walson Company’s adjusted trial balance at the end of 2016:
In addition, the following information was obtained from the company’s records:
• Land was sold, at cost, for $ 1,900.
• Dividends of $4,000 were declared and paid.
• Equipment was purchased for $10,400.
• Common stock was issued for $9,000.
• Beginning cash balance w-as $ 17,000.
Required:
Using visual inspection and the direct method, prepare Walson’s 2016 statement of cash flows. (A separate schedule reconciling net income to cash provided by operating activities is not necessary.)

View Solution:


Sale on SolutionInn
Sales0
Views70
Comments
  • CreatedOctober 05, 2015
  • Files Included
Post your question
5000