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Condensed financial data of Odgers Inc. follow. New plant assets costing $174, 000 were purchased for cash during the year. Old plant assets having an
Condensed financial data of Odgers Inc. follow. New plant assets costing $174, 000 were purchased for cash during the year. Old plant assets having an original cost of $100, 050 and accumulated depreciation of $84, 390 were sold for $2, 610 cash. Bonds payable matured and were paid off at face value for cash. A cash dividend of $45, 293 was declared and paid during the year. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15, 000 or in parenthesis e.g. (15, 000).)
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