Prince Charming Inc.has the following selected accounts available at December 31,2019:
Additional information:
1.No plant assets were sold or exchanged during 2019.New plant assets were acquired with cash.
2.No notes receivable were collected during 2019.
3.No common stock was retired during 2019.
Using the indirect method,prepare the investing and financing sections of the statement of cash flows for the year ending December 31,2019.

Question

Prince Charming Inc.has the following selected accounts available at December 31,2019:
  Additional information:
1.No plant assets were sold or exchanged during 2019.New plant assets were acquired with cash.
2.No notes receivable were collected during 2019.
3.No common stock was retired during 2019.
Using the indirect method,prepare the investing and financing sections of the statement of cash flows for the year ending December 31,2019.

Quizplus · Accepted Answer

The Answer of Prince Charming Inc.has the following selected accounts available at December 31,2019:
  Additional information:
1.No plant assets were sold or exchanged during 2019.New plant assets were acquired with cash.
2.No notes receivable were collected during 2019.
3.No common stock was retired during 2019.
Using the indirect method,prepare the investing and financing sections of the statement of cash flows for the year ending December 31,2019.