Question
Chapter 21 - Create and provide the solution for a problem that requires the preparation of a statement of cash flows under the indirect method.
Chapter 21 - Create and provide the solution for a problem that requires the preparation of a statement of cash flows under the indirect method. As part of your problem, include the following:
A comparative balance sheet
A current income statement that includes:
Depreciation expense
Gain or loss on the sale of equipment
Other data in addition to the balance sheets and income statement:
Proceeds from the sale of equipment
Dividends declared and paid
Issuance of bonds at a premium and one year's amortization of that premium.
Present your solutions in Google sheets with calculations clearly labeled and using formulas and cell references (not input from calculators). This should be original work, not from Connect/textbook exercises on statements of cash flows you might have practiced. You may, however, use a balance sheet/income statement from the textbook that is not also used in a statement of cash flows problem (i.e., don't use something from Chapter 21).
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