From the income statement (Figure 21.17) and balance sheet (Figure 21.18), along with the additional data for

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From the income statement (Figure 21.17) and balance sheet (Figure 21.18), along with the additional data for Dean Company, prepare a statement of cash flows using the indirect method.

Additional Data

1. All Plant and Equipment was purchased with cash.

2. Sold additional 7,000 shares of stock for cash at par.

3. A $1,500 dividend was declared and paid.

4. Short-term notes used to finance inventory.

In FIGURE 21.17

DEAN COMPANY

INCOME STATEMENT

FOR THE YEAR ENDED DECEMBER 31, 2012

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In FIGURE 21.18

DEAN COMPANYBALANCE SHEETDECEMBER 31,2012

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Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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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