Essay
The comparative balance sheets for Gillen Inc. appear below:
Additional information:
1. Net earnings for the year ending December 31, 2013 were $27,000.
2. Cash dividends of $13,000 were declared and paid during the year ended December 31, 2013.
3. Long-term investments that had a carrying amount of $23,000 were sold for $18,000 in 2013.
Prepare a cash flow statement for the year ended December 31, 2013, using the indirect method.
Correct Answer:
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Correct Answer:
Verified
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