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Prepare the statement of cash flows for Oceanami Company for 2021 using the indirect method. Urgent homework, please solve this for me, really thank you.
Prepare the statement of cash flows for Oceanami Company for 2021 using the indirect method.
Urgent homework, please solve this for me, really thank you.
The Balance Sheet and Income Statement for Oceanami are shown below: Income Statement The following additional information relates to 2021 : a) Dividends were declared and paid in cash. b) Sold Land for $34,000, originally cost $30,000. c) Acquiring an equipment cost $80,000 by issuing a three-year notes. d) Purchase additional long-term investment for $95,000. Required: Prepare the statement of cash flows for Oceanami Company for 2021 using the indirect methodStep by Step Solution
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