Prepare a statement of cash flows—direct method.

Data for Cadet Company are presented in P12-9B. Further analysis reveals that accounts payable pertain to merchandise creditors.

Save your time - order a paper!

Get your paper written from scratch within the tight deadline. Our service is a reliable solution to all your troubles. Place an order on any task and we will take care of it. You won’t have to worry about the quality and deadlines

Order Paper Now


Prepare a statement of cash flows for Cadet Company using the direct method.


Prepare a statement of cash flows—indirect method.

Condensed financial data of Cadet Company are shown below.

Additional information:

1. New plant assets costing $151,000 were purchased for cash during the year.

2. Investments were sold at cost.

3. Plant assets costing $36,000 and accumulated depreciation of $26,000 were sold for $13,000.

4. A cash dividend of $45,000 was declared and paid during the year.


Prepare a statement of cash flows using the indirect method.


"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"