Savary Limited is a private company reporting under ASPE. Its comparative balance sheet at December 31 is

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Savary Limited is a private company reporting under ASPE. Its comparative balance sheet at December 31 is as follows:
Savary Limited is a private company reporting under ASPE. Its

Additional information:
1. Profit for 2017 was $200,000.
2. Equipment was purchased during the year. No equipment was sold.
3. Cash dividends were paid to the common shareholders during the year.
Instructions
Prepare the cash flow statement using the indirect method.

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Accounting Principles

ISBN: 978-1119048473

7th Canadian Edition Volume 2

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

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