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i need help with this accounting question Problem 16-1A Preparing the statement of cash flows (indirect method) LO5, 6 LAG Network Inc.'s balance sheet and
i need help with this accounting question
Problem 16-1A Preparing the statement of cash flows (indirect method) LO5, 6 LAG Network Inc.'s balance sheet and income statement are as follows: Additional information regarding LAG Network Inc's activities during 2023: a. Equipment is purchased for $22,400 cash. b. 18,200 common shares are issued for cash at $2.50 per share. c. Declared and paid $58,800 of cash dividends during the year. Required: Prepare a statement of cash flows for 2023 that reports the cash inflows and outflows from operating activities according to the indirect method. (List any deduction in cash and cash outflows as negative amounts.) LAG NETWORK INC. Statement of Cash Flows For Year Ended December 31, 2023 Cash flows from operating activities: Adjustments to reconcile profit to net cash inflows from operating activities: Cash flows from investing activities: Cash flows from financing activities Step by Step Solution
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