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Part E: Preparing Statement of Cash Flows Boscia Corporation's balance sheet appears below: Comparative Balance Sheet Assets: Cash and cash equivalents.. Accounts receivable....... Ending Beginning Balance Balance $44 82 $38 69

Part E: Preparing Statement of Cash Flows Boscia Corporation's balance sheet appears below: Comparative Balance Sheet Assets: Cash and cash equivalents.. Accounts receivable....... Ending Beginning Balance Balance $44 82 $38 69

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Part E: Preparing Statement of Cash Flows Boscia Corporation's balance sheet appears below: Comparative Balance Sheet Assets: Cash and cash equivalents. Accounts receivable Inventory Plant and equipment. Accumulated depreciation. Total assets. Liabilities and stockholders' equity: Accounts payable... Wages payable.. Taxes payable. Bonds payable. Deferred taxes.. Common stock....... Retained earnings.. Total liabilities and stockholders' equity .. Ending Balance $44 82 71 537 (240) $494 $ 70 24 19 226 19 22 114 $494 Beginning Balance $38 69 69 500 (201) $475 $ 60 21 22 300 18 20 34 $475 The net income for the year was $108. Cash dividends were $28. Required: Prepare a statement of cash flows in good form using the indirect method.
Transcribed Image Text:Part E: Preparing Statement of Cash Flows Boscia Corporation's balance sheet appears below: Comparative Balance Sheet Assets: Cash and cash equivalents. Accounts receivable Inventory Plant and equipment. Accumulated depreciation. Total assets. Liabilities and stockholders' equity: Accounts payable... Wages payable.. Taxes payable. Bonds payable. Deferred taxes.. Common stock....... Retained earnings.. Total liabilities and stockholders' equity .. Ending Balance $44 82 71 537 (240) $494 $ 70 24 19 226 19 22 114 $494 Beginning Balance $38 69 69 500 (201) $475 $ 60 21 22 300 18 20 34 $475 The net income for the year was $108. Cash dividends were $28. Required: Prepare a statement of cash flows in good form using the indirect method.
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