Brecker Inc., a greeting card company, had the following statements prepared as of December 31, 2014. Additional
Question:
Additional information:
1. Dividends in the amount of $6,000 were declared and paid during 2014.
2. Depreciation expense and amortization expense are included in operating expenses.
3. No unrealized gains or losses have occurred on the investments during the year.
4. Equipment that had a cost of $20,000 and was 70% depreciated was sold during 2014.
Instructions
Prepare a statement of cash flows using the direct method. (Do not prepare a reconciliationschedule.)
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Related Book For
Intermediate Accounting
ISBN: 978-1118147290
15th edition
Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield
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