Marks Corporation's balance sheet appears below: Net income for the year was $77. Cash dividends were $13. The company did not dispose of any property, plant, and equipment, retire 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

Marks Corporation's balance sheet appears below:  Net income for the year was $77. Cash dividends were $13. The company did not dispose of any property, plant, and equipment, retire 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 Marks Corporation's balance sheet appears below:  Net income for the year was $77. Cash dividends were $13. The company did not dispose of any property, plant, and equipment, retire 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.

Marks Corporation's Balance Sheet Appears Below: Net Income for the Year