Question

Use the following information for Eriksen Sporting Goods, Inc., to prepare a statement of cash flows using the indirect method:


Additional information follows:
a. Net income for the fiscal year ended December 31, 2010, was $190,000.
b. The company declared and paid cash dividends.
c. The company redeemed bonds payable amounting to $120,000 for cash of $120,000.
d. The company issued common stock for $40,000cash.


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  • CreatedSeptember 01, 2014
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