Data for Andrews Inc. are presented in E23-13. Instructions Prepare a statement of cash flows using the

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Data for Andrews Inc. are presented in E23-13.

Instructions Prepare a statement of cash flows using the indirect method.

Data From E23-13

Andrews Inc., a greeting card company, had the following statements prepared as of December 31, 2015.

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Additional information:
1. Dividends in the amount of €6,000 were declared and paid during 2015.
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 €30,000 and was 70% depreciated was sold during 2015.
Instructions
Prepare a statement of cash flows using the direct method.

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Intermediate Accounting IFRS Edition

ISBN: 9781118443965

2nd Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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