A comparative balance sheet and an income statement for Burgess Company are given below: Burgess also provided the follo
Posted: Sun Jul 03, 2022 4:14 pm
A comparative balance sheet and an income statement for BurgessCompany are given below:
Burgess also provided the following information:
The company did not issue any new bonds during the year.
The company paid a cash dividend during the year.
The company did not complete any common stock transactionsduring the year.
Required:
1. Using the indirect method, prepare a statement of cash flowsfor the year. (Enter your answers in millions not indollars. List any deduction in cash and cash outflows as negativeamounts.)
Burgess also provided the following information:
The company did not issue any new bonds during the year.
The company paid a cash dividend during the year.
The company did not complete any common stock transactionsduring the year.
Required:
1. Using the indirect method, prepare a statement of cash flowsfor the year. (Enter your answers in millions not indollars. List any deduction in cash and cash outflows as negativeamounts.)