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Problem # 2 Prepare a Statement of Cash Flows by Using Indirect Method A comparative balance sheet for Rocker Company appears below: ROCKER COMPANY Comparative
Problem # Prepare a Statement of Cash Flows by Using Indirect Method A comparative balance sheet for Rocker Company appears below: ROCKER COMPANY Comparative Balance Sheet Dec. Dec. Liabilities and Stockholders' Equity Additional information: Net income for the year ending December was $ Cash dividends of $ were declared and paid during the year. Longterm investments that had a cost of $ were sold for $ Sales for were $ Instructions Prepare the operating cash activity section of a statement of cash flows for the year ended December using the indirect method. Bonus, Prepare a complete statement of cash flow.
Problem # Prepare a Statement of Cash Flows by Using Indirect Method
A comparative balance sheet for Rocker Company appears below:
ROCKER COMPANY
Comparative Balance Sheet
Dec. Dec.
Liabilities and Stockholders' Equity
Additional information:
Net income for the year ending December was $
Cash dividends of $ were declared and paid during the year.
Longterm investments that had a cost of $ were sold for $
Sales for were $
Instructions Prepare the operating cash activity section of a statement of cash flows for the year
ended December using the indirect method.
Bonus, Prepare a complete statement of cash flow.
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