From the following income statement (Figure 21.12), balance sheet (Figure

From the following income statement (Figure 21.12), balance sheet (Figure 21.13), and additional data for Dent Company, prepare a statement of cash flows using the indirect method.
Additional Data
1. All Plant and Equipment were purchased with cash.
2. Sold additional 4,000 shares of stock for cash at par.
3. A $1,400 dividend was declared and paid.
4. Short-term notes used to finance inventory.
Figure 21.12
From the following income statement (Figure 21.12), balance sheet (Figure

Figure 21.13

From the following income statement (Figure 21.12), balance sheet (Figure
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...

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