Here are comparative balance sheets for Metlock Company. Prepare a statement of cash flowsindirect method.
Additional information:
Net income for was $
Cash dividends of $ were declared and paid.
Bonds payable amounting to $ were redeemed for cash $
Common stock was issued for $ cash.
Equipment that cost $ and had a book value of $ was sold for $ during ; land was sold at cost
a
Your answer is partially correct.
Prepare a statement of cash flows for using the indirect method. Show amounts that decrease cash flow with either a sign eg
or in parenthesis eg
