The following selected data for Flower Bed Inc. for 2013 were gathered by its accountants, who are responsible for preparing the financial statements:
The cash account on January 1, 2013, had a balance of $15,000 and a balance of $208,500 on December 31, 2013.
Other data gathered by the accountants for 2013:
Prepare the cash flow statement for the year ended December 31, 2013, using the direct method under ASPE.

Question

The following selected data for Flower Bed Inc. for 2013 were gathered by its accountants, who are responsible for preparing the financial statements:
  The cash account on January 1, 2013, had a balance of $15,000 and a balance of $208,500 on December 31, 2013.
Other data gathered by the accountants for 2013:
  Prepare the cash flow statement for the year ended December 31, 2013, using the direct method under ASPE.

Quizplus · Accepted Answer

The Answer of The following selected data for Flower Bed Inc. for 2013 were gathered by its accountants, who are responsible for preparing the financial statements:
  The cash account on January 1, 2013, had a balance of $15,000 and a balance of $208,500 on December 31, 2013.
Other data gathered by the accountants for 2013:
  Prepare the cash flow statement for the year ended December 31, 2013, using the direct method under ASPE.

The Following Selected Data for Flower Bed Inc