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Prepare A statement of cash flows using the indirect method for the year ended June 3 0 , 2 0 2 1 Note: amounts to
Prepare A statement of cash flows using the indirect method for the year ended June
Note: amounts to be deducted should be indicated with a minus sign.
AA note payable is retired at its carring book value in exchange for cash.
BThe only changes affecting retained earnings or net income, and cash dividends paid.
CNew equipment is acquired for cash.
Dreceived cash for the sale of equipment that cost $ yielding a $ gain.
E Prepaid Expenses and wages payable relate to operating expenses on the income statement.
Fall purchases and sales of inventory are on credit.
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