WILSON CORPORATION A MERCHANDISER RECENTLY COMPLETED Exercise
Wilson Corporation, a merchandiser, recently completed its calendaryear
operations. The company's Statements of Financial Position and Income statement
are given below.
Wilson Corporation
Statements of Financial Position as at December
Extra Info:
The company sold equipment originally costing $ with accumulated
depreciation of $ for $ cash.
The company purchased equipment costing $ by paying $ cash and
signing a longterm note payable for the balance
The company issued shares for $ per share
The company declared and paid cash dividends of $
Required: Prepare the company's Statement of Cash Flows using the Indirect
Method
