The following information is available for the Ehrens Corporation:

Additional information:
(1) There was no gain or loss on the sales of the long-term investments,nor on the bonds retired.
(2) Old equipment with an original cost of $37,550 was sold for $2,100 cash.
(3) New equipment was purchased for $67,550 cash.
(4) Cash dividends of $33,600 were paid.
(5) Additional shares of stock were issued for cash.
Prepare a statement of cash flows for the 2013 calendar year using the indirect method.

Question

The following information is available for the Ehrens Corporation:
 
 Additional information:
(1) There was no gain or loss on the sales of the long-term investments,nor on the bonds retired.
(2) Old equipment with an original cost of $37,550 was sold for $2,100 cash.
(3) New equipment was purchased for $67,550 cash.
(4) Cash dividends of $33,600 were paid.
(5) Additional shares of stock were issued for cash.
Prepare a statement of cash flows for the 2013 calendar year using the indirect method.

Quizplus · Accepted Answer

The Answer of The following information is available for the Ehrens Corporation:
 
 Additional information:
(1) There was no gain or loss on the sales of the long-term investments,nor on the bonds retired.
(2) Old equipment with an original cost of $37,550 was sold for $2,100 cash.
(3) New equipment was purchased for $67,550 cash.
(4) Cash dividends of $33,600 were paid.
(5) Additional shares of stock were issued for cash.
Prepare a statement of cash flows for the 2013 calendar year using the indirect method.

The Following Information Is Available for the Ehrens Corporation