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need answer asap please!!!! Here are comparative balance sheets for Crane Company. Prepare a statement of cash flows-indirect method 1. Net income for 2020 was
need answer asap please!!!!
Here are comparative balance sheets for Crane Company. Prepare a statement of cash flows-indirect method 1. Net income for 2020 was $104,000. 2. Cash dividends of $41,000 were declared and paid. 3. Bonds payable amounting to $59,000 were redeemed for cash $59,000. 4. Common stock was issued for $40000 cash. 5. Equipment that cost $51,000 and had a book value of $32,000 was sold for $35,000 during 2020 ; land was sold at cost. (a) Prepare a statement of cash flows for 2020 using the indirect method. (Show amounts that decrease cash flow with either a-sign e. 15,000 or in parenthesis eg. (15,000). Prepare a statement of cash flows for 2020 using the indirect method. (Show amounts that decrease cash flow with either a - sign eg. 15,000 or in parenthesis es. (15,000) Step by Step Solution
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