Thunder Corporation's balance sheet and income statement appear below: The company did not dispose of any property, plant, and equipment, issue any bonds payable, or repurchase any of its own common stock during the year. The company declared and paid a cash dividend of $24.
Required:
Prepare a statement of cash flows in good form using the indirect method.

Question

Thunder Corporation's balance sheet and income statement appear below:   The company did not dispose of any property, plant, and equipment, issue any bonds payable, or repurchase any of its own common stock during the year. The company declared and paid a cash dividend of $24.
Required:
Prepare a statement of cash flows in good form using the indirect method.

Quizplus · Accepted Answer

The Answer of Thunder Corporation's balance sheet and income statement appear below:   The company did not dispose of any property, plant, and equipment, issue any bonds payable, or repurchase any of its own common stock during the year. The company declared and paid a cash dividend of $24.
Required:
Prepare a statement of cash flows in good form using the indirect method.

Thunder Corporation's Balance Sheet and Income Statement Appear Below