Marks Corporation's balance sheet appears below:
Net income for the year was $77.Cash dividends were $13.The company did not dispose of any property,plant,and equipment,retire any bonds payable,or repurchase any of its own common stock during the year.
Required:
Prepare a statement of cash flows in good form using the indirect method.

Question

Marks Corporation's balance sheet appears below:
  Net income for the year was $77.Cash dividends were $13.The company did not dispose of any property,plant,and equipment,retire any bonds payable,or repurchase any of its own common stock during the year.
Required:
Prepare a statement of cash flows in good form using the indirect method.

Quizplus · Accepted Answer

The Answer of Marks Corporation's balance sheet appears below:
  Net income for the year was $77.Cash dividends were $13.The company did not dispose of any property,plant,and equipment,retire any bonds payable,or repurchase any of its own common stock during the year.
Required:
Prepare a statement of cash flows in good form using the indirect method.

Marks Corporation's Balance Sheet Appears Below