Bonner Corporation's balance sheet and income statement appear below: The company sold equipment for $10 that was originally purchased for $4 and that had accumulated depreciation of $4.It paid a cash dividend during the year and did not issue any bonds payable or repurchase any of its own common stock.
Required:
Prepare a statement of cash flows for the year using the indirect method.

Question

Bonner Corporation's balance sheet and income statement appear below:   The company sold equipment for $10 that was originally purchased for $4 and that had accumulated depreciation of $4.It paid a cash dividend during the year and did not issue any bonds payable or repurchase any of its own common stock.
Required:
Prepare a statement of cash flows for the year using the indirect method.

Quizplus · Accepted Answer

The Answer of Bonner Corporation's balance sheet and income statement appear below:   The company sold equipment for $10 that was originally purchased for $4 and that had accumulated depreciation of $4.It paid a cash dividend during the year and did not issue any bonds payable or repurchase any of its own common stock.
Required:
Prepare a statement of cash flows for the year using the indirect method.

Bonner Corporation's Balance Sheet and Income Statement Appear Below