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The income statement and additional data of Bolton Travel Products, Inc., follow: ( Click the icon to view the income statement. ) ( Click the
The income statement and additional data of Bolton Travel Products, Inc., follow:
Click the icon to view the income statement.
Click the icon to view the additional data.
Requirements
Prepare Bolton's statement of cash flows for the year ended December using the indirect method.
Evaluate the company's cash flows for the year. In your evaluation, mention all three categories of cash flows and give the rationale for your evaluation.
Requirement Prepare Bolton's statement of cash flows for the year ended December using the indirect method.
Start by completing the cash flows from operating activities. Then complete each section of the statement of cash flows, including the noncash investing and financing activities. Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash.
Bolton Travel Products, Inc.
Statement of Cash Flows Indirect Method
Year Ended December
The income statement and additional data of Bolton Travel Products, Inc., follow:
Click the icon to view the income statement.
Click the icon to view the additional data.
Requirements
Prepare Bolton's statement of cash flows for the year ended December using the indirect method.
Evaluate the company's cash flows for the year. In your evaluation, mention all three categories of cash flows and give the rationale for your evaluation.
tableData table,AtableBolton Travel Products, Inc.Income StatementYear Ended December Revenues:Service revenue,$Dividend revenue,,tableExpenses:Cost of goods soldSalary expense,,Depreciation expense,,Advertising expense,,Interest expense,,Income tax expense,,Net income,,,$
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