Question: 1 emperor corporations financial statements for the last year fy...
1. Emperor Corporation’s financial statements for the last year (FY 2017) are shown below. The firm paid a $1,000 dividend to its stockholders during the year.
Prepare the Statement of Cash Flows for Year 2017 using Inirect method. You have to determine the impact of the transaction on cash position using + and – sign. Therefore, “+” stands for “Cash Ins” while “-“ sign indicates “Cash Outs.”