Statement of cash flows

by | Jul 14, 2021 | Assignment

Condensed financial data of Odgers Inc. follow

Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a – sign e.g. -15,000 or in parenthesis e.g. (15,000).)Additional information:1.New plant assets costing $197,000 were purchased for cash during the year.2.Old plant assets having an original cost of $113,275 and accumulated depreciation of $95,545 were sold for $2,955 cash.3.

Bonds payable matured and were paid off at face value for cash.4.A cash dividend of $51,279 was declared and paid during the year.

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