Question: prepare a statement of cash flows using the indirect method Flint inc, a greeting card company, had the following statements prepared as of December 31,

Flint inc, a greeting card company, had the following statements prepared as of December 31, 2020. Additional information: 1. Dividends in the amount of 35,900 were declared and paid during 2020 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 520,000 and was 701 depreciated was seld during 2020 Prepare a statement of cash flows using the indirect method, (Shew amounts that decrease cash flow with either a sign es - 15,000 or in parenthesis es (15,000))
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
