Condensed financial data of Ziebert Company are shown below.

Condensed financial data of Ziebert Company are shown below.

ZIEBERT COMPANY Comparative Balance Sheets December 31 Assets 2010 2009 $ 33,400 37,000 $102,700 60,800 Cash Accounts re

Additional information:
1. New plant assets costing $146,000 were purchased for cash during the year.
2. Investments were sold at cost.
3. Plant assets costing $36,000 were sold for $15,000, resulting in a gain of $5,000.
4. A cash dividend of $48,000 was declared and paid during the year.
Instructions
Prepare a statement of cash flows using the indirectmethod.

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
Broadening Your Perspective:
DO IT! Review: