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the comparative balance sheets for the bale company for year 1 and 2 are presented below. the dividend declared and paid in year 2 is $13,500.
the comparative balance sheets for the bale company for year 1 and 2 are presented below. the dividend declared and paid in year 2 is $13,500. Help show me how to prepare a statement of cash flows using indirect method. Treat the changes in noncurrent assets as acquisition/disposal or pp&e. Treat changes in noncurrent liabilities as financing activities.
Year 1
cash 36000
noncurrent assets 132000
noncurrent liabilities 99000
contributed capital 49500
retained earnings 19500
year 2
Cash 48000
noncurrent assets 183000
noncurrent liabilities 75000
contributed capital 90000
retained earnings 66000
