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Prepare the statement of cash flows for Oceanami Company for 2021 using the indirect method. Urgent homework in 5 hours, please solve this for me,
Prepare the statement of cash flows for Oceanami Company for 2021 using the indirect method.
Urgent homework in 5 hours, 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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