Question: MONTGOMERY INCORPORATED Comparative Balance Sheets Additional Information on Current-Year Transactions a. No dividends are declared or paid. b. Issued additional stock for $11 , 500

No dividends are declared or paid. b. Issued additional stock for $11

, 500 cash. c. Purchased equipment for cash; no equipment was sold.

1. Use the above information to prepare a statement of cash flows

for the current year using the indirect method. (?mounts to be deducted

should be indicated by a minus sign.) MONTGOMERY, INCORPORATED Statement of Cash

MONTGOMERY INCORPORATED Comparative Balance Sheets Additional Information on Current-Year Transactions a. No dividends are declared or paid. b. Issued additional stock for $11 , 500 cash. c. Purchased equipment for cash; no equipment was sold. 1. Use the above information to prepare a statement of cash flows for the current year using the indirect method. (?mounts to be deducted should be indicated by a minus sign.) MONTGOMERY, INCORPORATED Statement of Cash Flows (Indirect Method) For Current Year Ended December 31 Cash flows from operating activities

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