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Burns Corporation's Net Income Last Year Was $91,000

Question 128

Essay

Burns Corporation's net income last year was $91,000.Changes in the company's balance sheet accounts for the year appear below: Burns Corporation's net income last year was $91,000.Changes in the company's balance sheet accounts for the year appear below:   The company did not dispose of any property,plant,and equipment,sell any long-term investments,issue any bonds payable,or repurchase any of its own common stock during the year.The company declared and paid a cash dividend of $4,000. Required: a.Construct in good form the operating activities section of the company's statement of cash flows for the year.(Use the indirect method. ) 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. The company did not dispose of any property,plant,and equipment,sell any long-term investments,issue any bonds payable,or repurchase any of its own common stock during the year.The company declared and paid a cash dividend of $4,000.
Required:
a.Construct in good form the operating activities section of the company's statement of cash flows for the year.(Use the indirect method. )
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.

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a.Operating activiti...

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