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Broad Street Stores Inc has a year-end of December 31. You have been given the financial statements for the year ended December 31, 2015 and
Broad Street Stores Inc has a year-end of December 31. You have been given the financial statements for the year ended December 31, 2015 and asked to prepare a cash flow statement. Broad Street Stores Inc Balance Sheet As at December 31, 2015 Broad Street Stores Inc Income Statement For the period ending December 31, 2015 Additional information. (i) The company paid dividends of $64, 236.75. (ii) The company sold a parcel of land for $20, 910 its book value was $18, 450. (iii) The corporation issued both preferred and common stock during the year. (iv) The corporation purchased land during the year for $72, 477.75 a) Prepare a cash flow statement for the year ended December 31, 2015. b) Outline the differences between the cash flow statement and the income statement
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