Guadiana Corporation's balance sheet and income statement appear below:

Cash dividends were $34. The company sold equipment for $11 that was originally purchased for $5 and that had accumulated depreciation of $3.
Required:
Prepare a statement of cash flows for the year using the indirect method.

Question

Guadiana Corporation's balance sheet and income statement appear below:  
  
Cash dividends were $34. The company sold equipment for $11 that was originally purchased for $5 and that had accumulated depreciation of $3.
Required:
Prepare a statement of cash flows for the year using the indirect method.

Quizplus · Accepted Answer

The Answer of Guadiana Corporation's balance sheet and income statement appear below:  
  
Cash dividends were $34. The company sold equipment for $11 that was originally purchased for $5 and that had accumulated depreciation of $3.
Required:
Prepare a statement of cash flows for the year using the indirect method.

Guadiana Corporation's Balance Sheet and Income Statement Appear Below