Prince Charming Inc. has the following accounts available at December 31, 2017:
Additional information:
1. No plant assets were sold or exchanged during 2017. New plant assets were acquired with cash.
2. No notes receivable were collected during 2017.
3. No common stock was retired during 2017.
Using the indirect method, prepare the investing and financing sections of the statement of cash flows for the year ending December 31, 2017.

Question

Prince Charming Inc. has the following accounts available at December 31, 2017:
  Additional information:
1. No plant assets were sold or exchanged during 2017. New plant assets were acquired with cash.
2. No notes receivable were collected during 2017.
3. No common stock was retired during 2017.
Using the indirect method, prepare the investing and financing sections of the statement of cash flows for the year ending December 31, 2017.

Quizplus · Accepted Answer

The Answer of Prince Charming Inc. has the following accounts available at December 31, 2017:
  Additional information:
1. No plant assets were sold or exchanged during 2017. New plant assets were acquired with cash.
2. No notes receivable were collected during 2017.
3. No common stock was retired during 2017.
Using the indirect method, prepare the investing and financing sections of the statement of cash flows for the year ending December 31, 2017.