Use the following information .
The Kerfuffle Company Income Statement
For the Year Ended June 30, 2019
General and Administrative Expenses
Liabilities and Stockholders' Equity
Additional information:
Plant assets that originally cost $67,200 were sold for $56,400, resulting in a gain of $8,200. Dividends of $35,815 were declared and paid in 2019. There were no dividends declared in 2018.
-Using the information provided, prepare the cash flows from operating activities for The Kerfuffle Company using the indirect method.

Question

Use the following information .
The Kerfuffle Company Income Statement
For the Year Ended June 30, 2019
  General and Administrative Expenses
    Liabilities and Stockholders' Equity
  Additional information:
Plant assets that originally cost $67,200 were sold for $56,400, resulting in a gain of $8,200. Dividends of $35,815 were declared and paid in 2019. There were no dividends declared in 2018.
-Using the information provided, prepare the cash flows from operating activities for The Kerfuffle Company using the indirect method.

Quizplus · Accepted Answer

The Answer of Use the following information .
The Kerfuffle Company Income Statement
For the Year Ended June 30, 2019
  General and Administrative Expenses
    Liabilities and Stockholders' Equity
  Additional information:
Plant assets that originally cost $67,200 were sold for $56,400, resulting in a gain of $8,200. Dividends of $35,815 were declared and paid in 2019. There were no dividends declared in 2018.
-Using the information provided, prepare the cash flows from operating activities for The Kerfuffle Company using the indirect method.

Use the Following Information