Question
Baron Flowers Company is planning in additional capital investment and wants to evaluate its cash position over the past yeat. The Income statement and Statement
Baron Flowers Company is planning in additional capital investment and wants to evaluate its cash position over the past yeat. The Income statement and Statement of Financial Position for 2021 are presented below.
Additional data:
1. Buildings were not acquired or retired during the fiscal year.
2. The long-term notes payable were retired during the fiscal year.
3. Company issued additional capital stock during the fiscal year at par.
4. Operating expenses in the income statement include depreciation expense building and equipment of $137,000.
5. Company acquired Equipment costing $346,000 during the fiscal year.
Required:
Prepare a Statement of Cash Flow of Baron Flower Company for 2021 by using the indirect method.
Show computations to support your answers.
Baron Flower Company Statement of finamcial position A of December 31, 2021Step by Step Solution
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