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Mini Case 2 Prepare statement of cash fows (indirect method ABC Corporation uses the indirect method to prepare its statement of cash flows. Data related
Mini Case 2 Prepare statement of cash fows (indirect method ABC Corporation uses the indirect method to prepare its statement of cash flows. Data related to cash activities for last year is as follows 92500 Net income 50100 Dividends paid (cash 14000 Depreciation expense Net decrease in current assets SO 21 /UU 41700 ssued new notes payable for cash 271000 Paid cash for building Net decrease in current liabilities 5700 Sold investment for cash 400000 Answer the following guestions 1) What was the net cash flow from operating activities for the year? 2) What was the cash flow from (or used for) investing activities for the year? 3) What was the cash flow from (or used for financing activities for the year? 4) What was the net change in cash for the year? 5) If the beginning balance of cash for the year was $158,000, what was the balance of cash at the end of the year
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