Carr Corporation's comparative balance sheet and income statement for last year appear below:
The company declared and paid $50,300 in cash dividends during the year. It did not dispose of any property, plant, and equipment during the year.
Required:Prepare the operating activities section of the company's statement of cash flows for the year using the direct method. (Enter all amounts as positive values except for adjustments to cash basis that are deducted.)

Question

Carr Corporation's comparative balance sheet and income statement for last year appear below:
  The company declared and paid $50,300 in cash dividends during the year. It did not dispose of any property, plant, and equipment during the year.
Required:Prepare the operating activities section of the company's statement of cash flows for the year using the direct method. (Enter all amounts as positive values except for adjustments to cash basis that are deducted.)

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 $50,300 in cash dividends during the year. It did not dispose of any property, plant, and equipment during the year.
Required:Prepare the operating activities section of the company's statement of cash flows for the year using the direct method. (Enter all amounts as positive values except for adjustments to cash basis that are deducted.)

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