Reuben corporation has completed its comparative

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Reference no: EM13614218

Preparing a Statement of Cash Flows(Indirect Format)

Reuben Corporation has completed its comparative balancesheet and income statement, shown at the top of the following page,at year-end 2007.

Additional information:

1. A payment of $8,250 was made on the loan principal duringthe year.

2. Just before year-end, a dividend was distributed tostockholders.

3. A parcel of land was acquired early in theyear.

4. New shares of common stock were sold during theyear.

Required: Prepare a statement of cash flows in good formusing the indirect format.

Reference no: EM13614218

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