Dive In Company was started several years ago by two diving instructors. The...
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Accounting
Dive In Company was started several years ago by two diving instructors. The companys comparative balance sheets and income statement, as well as additional information, are presented below.Additional Data:
a Rent is paid in advance each month, and Office Expenses are paid in cash as incurred.
b An owner contributed capital by paying $ cash in exchange for the company's stock.
Required:
Prepare the statement of cash flows for the current year ended December using the direct method. Amounts to be deducted
should be indicated by a minus sign.
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