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Based on the following information, prepare a Statement of Cash Flow using the Indirect method. During the year: 1. $48 was collected from customers 2.
Based on the following information, prepare a Statement of Cash Flow using the Indirect method. During the year: 1. $48 was collected from customers 2. An amount was written off as uncollectahle 3. \$3 was recovered from an account that had been written off in the prior year 4. Equipment was purchased costing $10 5. Other equipment was sold 6. Investments were purchased for $5 7. Other investments were sold 8. Shares were sold during the vear Hint: you may want to use T-accounts to solve for the missing information Based on the following information, prepare a Statement of Cash Flow using the Indirect method. During the year: 1. $48 was collected from customers 2. An amount was written off as uncollectahle 3. \$3 was recovered from an account that had been written off in the prior year 4. Equipment was purchased costing $10 5. Other equipment was sold 6. Investments were purchased for $5 7. Other investments were sold 8. Shares were sold during the vear Hint: you may want to use T-accounts to solve for the missing information
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