prepare a statement of cash flows using the indirect method ...
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Accounting
prepare a statement of cash flows using the indirect method
Martinez Inc.. a greeting card comnanv. had the followine statements prebared as of December 31.2020. Salaries and wages payable Short-term loans payable Long-term loans payable Common stock, \$10 par MARTINEZ INC. INCOME STATEMENT FOR THE YEAR ENDING DECEMBER 31, 2020 Additional information: 1. Dividends in the amount of $6,000 were declared and paid during 2020. 2. Depreciation expense and amortization expense are included in operating expenses. 3. No unrealized gains or losses have occurred on the investments during the year. 4. Equilipment that had a cost of $20,200 and was 70% depreciated was sold during 2020
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