Question: need assistance on creating a statement of cash flows using the direct method Balance Sheet As nf newnmber 21 Incorne Statement For the Year Ended
need assistance on creating a statement of cash flows using the direct method

Balance Sheet As nf newnmber 21 Incorne Statement For the Year Ended December 31, 2014 Additional Information: 1. Sold equipment costing $72,000 with accumulated depreciation of $56,000 for $15,200 cash. 2. Paid a $7,200 cash dividend to owners. Required: Analyze the data and prepare a statement of cash flows using the direct method
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
