A merchandiser that uses the indirect method to prepare the operating activities section of its statement of
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Question:
During the year, it sold a piece of equipment for $3000 that had originally cost $6000 and had accumulated depreciation of $4000. It reports net income of $2000 and paid dividends in the year. The company did not retire any bonds or repurchase any of its own common stock during the year. Prepare Statement Of Cash Flows.
Q2.
Using the indirect method, prepare a statement of cash flows for the year( enter your answer in millions not in dollars. List any deduction in cash and cash outflows as negative amounts.)
Related Book For
College Accounting A Practical Approach chapte
ISBN: 9780133791006
13th edition
Authors: Jeffrey Slater
Posted Date: