Question: Prepare a cash flow statement for 2024 using the indirect method. Sunland Corporation reports under ASPE. (Show amounts that decrease cash flow with either a





Prepare a cash flow statement for 2024 using the indirect method. Sunland Corporation reports under ASPE. (Show amounts that decrease cash flow with either a - sign e.g. 15,000, or in parenthesis e.g. (15,000)). Net Cash Provided by Investing Activities Net Cash Used bv Financing Activities Issue of Common Shares 5640 Payment of Cash Dividends 18340 Net Cash Provided bv Financing Activities Cash, January 1 Cash, December 31 eTextbook and Media Save for Later Attempts: 1 of 2 used Submit Answer Net Cash Provided by Operating Activities Net Cash Provided by Investing Activit s : v Gain on Sale of Land Net Cash Provided by Investing Activities Net Cash Used bv Financing Activities Issue of Common Shares Payment of Cash Dividends Net Cash Provided bv Financing Activities Net Increase in Cash Cash, January 1 4610 4610 5640 18340 Additional information: 1. Profit for the year was $21,270. Dividends declared and paid were $18,340. 2. No noncash investing and financing activities occurred during 2024. 3. The land was sold for cash of $4,610, resulting in a loss of $1,030 on the sale of the land. Prepare a cash flow statement for 2024 using the indirect method. Sunland Corporation reports under ASPE. (Show amounts that decrease cash flow with either a - sign e.g. 15,000, or in parenthesis e.g. (15,000))
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