The following data is supplied from the comparative balance sheets and income statement information from Westerman, Inc. Westerman uses the indirect method to prepare the statement of cash flows. Net income for 2013 was $20,000. No long term assets were sold during the year. During 2013, Westerman paid dividends of $12,000.
-Prepare the operating activities section of Westerman's statement of cash flows.

Question

The following data is supplied from the comparative balance sheets and income statement information from Westerman, Inc. Westerman uses the indirect method to prepare the statement of cash flows. Net income for 2013 was $20,000. No long term assets were sold during the year. During 2013, Westerman paid dividends of $12,000. 
-Prepare the operating activities section of Westerman's statement of cash flows.

Quizplus · Accepted Answer

The Answer of The following data is supplied from the comparative balance sheets and income statement information from Westerman, Inc. Westerman uses the indirect method to prepare the statement of cash flows. Net income for 2013 was $20,000. No long term assets were sold during the year. During 2013, Westerman paid dividends of $12,000. 
-Prepare the operating activities section of Westerman's statement of cash flows.

The Following Data Is Supplied from the Comparative Balance Sheets