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Statement of Cash Flows. Additional Data

Question 27

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Statement of Cash Flows. Statement of Cash Flows. Additional Data: 1. Net income for the year amounted to $109,000. 2. Cash dividends were paid amounting to 4% of par value. 3. Land was sold for $120,000. 4. Sharp sold equipment, which cost $225,000 and had accumulated depreciation of $90,000, for $115,000. InstructionsPrepare a statement of cash flows using the indirect method. Additional Data:
1. Net income for the year amounted to $109,000.
2. Cash dividends were paid amounting to 4% of par value.
3. Land was sold for $120,000."
4. Sharp sold equipment, which cost $225,000 and had accumulated depreciation of $90,000, for $115,000.
InstructionsPrepare a statement of cash flows using the indirect method."

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