The income statement and comparative balance sheets for SSS Company are presented below:
Total liabilities and
Required:
Prepare a statement of cash flows using the indirect method for the year ended December 31,2015.No land was sold in 2015.Land was purchased using bonds payable for $8,000 and cash for $2,000.A fixed asset was sold in 2015 for $4,100.

Question

The income statement and comparative balance sheets for SSS Company are presented below:
    Total liabilities and
  Required:
Prepare a statement of cash flows using the indirect method for the year ended December 31,2015.No land was sold in 2015.Land was purchased using bonds payable for $8,000 and cash for $2,000.A fixed asset was sold in 2015 for $4,100.

Quizplus · Accepted Answer

The Answer of The income statement and comparative balance sheets for SSS Company are presented below:
    Total liabilities and
  Required:
Prepare a statement of cash flows using the indirect method for the year ended December 31,2015.No land was sold in 2015.Land was purchased using bonds payable for $8,000 and cash for $2,000.A fixed asset was sold in 2015 for $4,100.

The Income Statement and Comparative Balance Sheets for SSS Company