Belk Corporation's balance sheet appears below: The net income for the year was $126. Cash dividends were $21. The company did not dispose of any property, plant, and equipment, issue any bonds payable, or repurchase any of its own common stock during the year.
Required:
Prepare a statement of cash flows in good form using the indirect method.

Question

Belk Corporation's balance sheet appears below:  The net income for the year was $126. Cash dividends were $21. The company did not dispose of any property, plant, and equipment, issue any bonds payable, or repurchase any of its own common stock during the year.
Required:
Prepare a statement of cash flows in good form using the indirect method.

Quizplus · Accepted Answer

The Answer of Belk Corporation's balance sheet appears below:  The net income for the year was $126. Cash dividends were $21. The company did not dispose of any property, plant, and equipment, issue any bonds payable, or repurchase any of its own common stock during the year.
Required:
Prepare a statement of cash flows in good form using the indirect method.

Belk Corporation's Balance Sheet Appears Below: the Net Income