The following selected data for Skyway Corporation for the year ended December 31,2017,is available to you for preparing the cash flow statement:
Gain on sale of property,
The cash account began the year with a balance of $15,000 and ended the year with a balance of $195,800.
Prepare the cash flow statement for Skyway Corporation for the year ended December 31,2017,using the indirect method,and include a schedule of noncash investing and financing activities if necessary.

Question

The following selected data for Skyway Corporation for the year ended December 31,2017,is available to you for preparing the cash flow statement:
  Gain on sale of property,
  The cash account began the year with a balance of $15,000 and ended the year with a balance of $195,800.
  Prepare the cash flow statement for Skyway Corporation for the year ended December 31,2017,using the indirect method,and include a schedule of noncash investing and financing activities if necessary.

Quizplus · Accepted Answer

The Answer of The following selected data for Skyway Corporation for the year ended December 31,2017,is available to you for preparing the cash flow statement:
  Gain on sale of property,
  The cash account began the year with a balance of $15,000 and ended the year with a balance of $195,800.
  Prepare the cash flow statement for Skyway Corporation for the year ended December 31,2017,using the indirect method,and include a schedule of noncash investing and financing activities if necessary.

The Following Selected Data for Skyway Corporation for the Year