Dauber Corporation's comparative balance sheet and income statement for last year appear below:
The company declared and paid a cash dividend of $55,000 during the year. It did not sell any long-term investments, issue any bonds payable, or repurchase any of its own common stock.Required:a. Construct in good form the operating activities section of the company's statement of cash flows for the year.b. Construct in good form the investing activities section of the company's statement of cash flows for the year.c. Construct in good form the financing activities section of the company's statement of cash flows for the year.

Question

Dauber Corporation's comparative balance sheet and income statement for last year appear below:
  The company declared and paid a cash dividend of $55,000 during the year. It did not sell any long-term investments, issue any bonds payable, or repurchase any of its own common stock.Required:a. Construct in good form the operating activities section of the company's statement of cash flows for the year.b. Construct in good form the investing activities section of the company's statement of cash flows for the year.c. Construct in good form the financing activities section of the company's statement of cash flows for the year.

Quizplus · Accepted Answer

The Answer of Dauber Corporation's comparative balance sheet and income statement for last year appear below:
  The company declared and paid a cash dividend of $55,000 during the year. It did not sell any long-term investments, issue any bonds payable, or repurchase any of its own common stock.Required:a. Construct in good form the operating activities section of the company's statement of cash flows for the year.b. Construct in good form the investing activities section of the company's statement of cash flows for the year.c. Construct in good form the financing activities section of the company's statement of cash flows for the year.

Dauber Corporation's Comparative Balance Sheet and Income Statement for Last