Groote Corporation's balance sheet appears below:
The net income for the year was $50. Cash dividends were $12.
Required:
Prepare a statement of cash flows using the indirect method.

Question

Groote Corporation's balance sheet appears below:  
The net income for the year was $50. Cash dividends were $12.
Required:
Prepare a statement of cash flows using the indirect method.

Quizplus · Accepted Answer

The Answer of Groote Corporation's balance sheet appears below:  
The net income for the year was $50. Cash dividends were $12.
Required:
Prepare a statement of cash flows using the indirect method.

Groote Corporation's Balance Sheet Appears Below