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please help asap!! Presented below are the comparative December 31 financial statements for Vinson Corporation (in $ Millions). Prepare a statement of cash flows for
please help asap!!
Presented below are the comparative December 31 financial statements for Vinson Corporation (in $ Millions). Prepare a statement of cash flows for December 31 , Year 2 using the indirect method. Additional information for Year 2 (1) Sold available for sale securities costing $86,875 for $92,500. (2) Equipment costing $25,000 with a book value of $6,250 was sold for $7,500 (3) Issued 8% bonds at face value for $250,000. (4) Purchased new equipment for $181,250 and paid cash. (5) Paid cash dividends of $25,000. (6) Net income was $62,500Step by Step Solution
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