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Prepare a statement of cash flows for 2022 using the indirect method. Given statements of financial position and additional information is posted below Shown below
Prepare a statement of cash flows for 2022 using the indirect method. Given statements of financial position and additional information is posted below
Shown below are comparative statements of financial position for Flounder Corporation 1. Net income for 2022 was $87.420. There were no gains or losses reported on the statement of income. 2. Cash dividends of $32,900 were declared and paid. 3. Bonds payable amounting to $47,000 were redeemed for cash $47,000. The bonds were originally issued at face value (no premium or discount). 4. Commonshares were issued for $39.480 cash. 5. No land was purchased during 2022 6. No equipment was disposed of during 2022. Prepare astatement of cash fows for 2022 using the indirect method, (Show a mounts that decreose cosh flow with either d-3ign es - 15 , 000 or in parenthesis es ( 15,000 ) ) FLOUNDER CORPORATION Statement of Cash Flows For the Year Endes December 31, 202? Adpustrients to reconcile net income to 5 5 Step by Step Solution
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