The following information for Clayton Company is available at December 31, 2011, and for the year then ending:

The book value of equipment sold was $300. All dividends declared were cash dividends.
Required:
Prepare a statement of cash flows for Clayton Company for the year ending December 31, 2011, using the direct method.

Question

The following information for Clayton Company is available at December 31, 2011, and for the year then ending:
  
The book value of equipment sold was $300. All dividends declared were cash dividends.
Required:
Prepare a statement of cash flows for Clayton Company for the year ending December 31, 2011, using the direct method.

Quizplus · Accepted Answer

The Answer of The following information for Clayton Company is available at December 31, 2011, and for the year then ending:
  
The book value of equipment sold was $300. All dividends declared were cash dividends.
Required:
Prepare a statement of cash flows for Clayton Company for the year ending December 31, 2011, using the direct method.

The Following Information for Clayton Company Is Available at December