Comparative balance sheet accounts of Flint Company are presented below. Additional data:
Equipment that cost $ and was depreciated was sold in
Cash dividends were declared and paid during the year.
Common stock was issued in exchange for land.
Investments that cost $ were sold during the year.
There were no writeoffs of uncollectible accounts during the year. Flint's income statement is as follows. a Compute net cash provided by operating activities under the direct method. Enter negative amounts using either a negative sign
preceding the number eg or parentheses eg
Net cash flow from operating activities $
b Prepare a statement of cash flows using the indirect method. Show amounts that decrease cash flow with either asign eg or
in parenthesiseg.
FLINT COMPANY
Statement of Cash Flows
For the Year Ended December
Cash Flows from Operating Activities
$
Adjustments to reconcile net income to
$
