Santana Rey, owner of Business Solutions, decides to prepare a statement of cash flows for her business using the follow
Posted: Thu May 19, 2022 3:45 pm
Santana Rey, owner of Business Solutions, decides to prepare a
statement of cash flows for her business using the following
financial data.
Required:
Prepare a statement of cash flows for Business Solutions using
the indirect method for the three months ended
March 31, 2022. Owner Santana Rey contributed $34,000 to the
business in exchange for additional stock in the first quarter of
2022 and has received $3,900 in cash
dividends. (Amounts to be deducted should be indicated
with a minus sign.)
statement of cash flows for her business using the following
financial data.
Required:
Prepare a statement of cash flows for Business Solutions using
the indirect method for the three months ended
March 31, 2022. Owner Santana Rey contributed $34,000 to the
business in exchange for additional stock in the first quarter of
2022 and has received $3,900 in cash
dividends. (Amounts to be deducted should be indicated
with a minus sign.)