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The Following Comparative Balance Sheet and Other Information Relate to Runnels

Question 13

Essay

The following comparative balance sheet and other information relate to Runnels Corporation.
The following comparative balance sheet and other information relate to Runnels Corporation. Additional information: Depreciation expense $280 Cash dividends declared and paid 70 a.Compute net income,assuming net income and the cash dividends were the only items affecting retained earnings.Show your work. b.Compute net cash flows from operating activities using the indirect method. Additional information:
Depreciation expense $280
Cash dividends declared and paid 70
a.Compute net income,assuming net income and the cash dividends were the only items affecting retained earnings.Show your work.
b.Compute net cash flows from operating activities using the indirect method.

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