Solution-Meera corporation comparative balance sheets

Meera corporation comparative balance sheets

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Reference no: EM13982853

Meera Corporation's comparative balance sheets are presented below.

Additional information:

1. Net income was $22,766. Dividends declared and paid were $17,716.

2. All other changes in noncurrent account balances had a direct effect on cash flows, except the change in accumulated depreciation. The land was sold for $4,890.

(a) Prepare a statement of cash flows for 2014 using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000, or in parenthesis e.g.(15,000).)

Reference no: EM13982853

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Meera corporation comparative balance sheets

Reference no: EM13982853

Reference no: EM13982853

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