Carr Corporation's comparative balance sheet and income statement for last year appear below: The company declared and paid $47,000 in cash dividends during the year.It did not dispose of any property, plant, and equipment during the year.

Required:
Construct in good form the operating activities section of the company's statement of cash flows for the year using the direct method.

Question

Carr Corporation's comparative balance sheet and income statement for last year appear below:   The company declared and paid $47,000 in cash dividends during the year.It did not dispose of any property, plant, and equipment during the year.

Required:
Construct in good form the operating activities section of the company's statement of cash flows for the year using the direct method.

Quizplus · Accepted Answer

The Answer of Carr Corporation's comparative balance sheet and income statement for last year appear below:   The company declared and paid $47,000 in cash dividends during the year.It did not dispose of any property, plant, and equipment during the year.

Required:
Construct in good form the operating activities section of the company's statement of cash flows for the year using the direct method.

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