Canvas Exercise on Preparation of Cash Flow Statement
Ramos Corporations comparative Statements of Financial Position are presented below:
Ramos Corporation
Comparative Statements of Financial Position
Dec
Cash P P
Accounts Receivable
Investments
Equipment
Accumulated Depreciation Equipment
Total
Liabilities and Stockholders Equity
Accounts Payable P P
Bonds Payable
Common Stock
Retained Earnings
Total
Additional information:
Net income was P Dividends declared and paid were P
Equipment which cost P and had accumulated depreciation of P was sold for P
No noncash investing and financing activities occurred in
Prepare a Statement of Cash Flows for using the indirect method.
