Instuctions: Complete the statement of cash flows for 2017 using the indirect method
1. Net income for 2017 was $93,000.
2. Cash dividends of $35,000 were declared and paid.
3. Bonds payable amounting to $50,000 were redeemed for cash $50,000.
4. Common stock was issued for $42,000 cash.
5. No equipment was sold during 2017.
I attach the instruction.
Hi there! Click one of our representatives below and we will get back to you as soon as possible.