Use the Indirect Method of Preparing a Statement of Cash

question 152

Short Answer

Use the indirect method of preparing a statement of cash flows to answer the question.
Ending balances for Sunday Hut are listed below:
Net income for this year was $97,000 and dividends of $24,000 were declared and paid this year.
What was the net cash used for investing activities?

---

Definitions:

Feminist Leader

An individual who advocates for women's rights and equality, often leading movements or organizations dedicated to feminist causes.

Military Woman

A female member of the armed forces, encompassing roles ranging from combat positions to logistical and administrative support.

European Hegemony

The political, economic, or cultural dominance of European nations over other regions, notably during the colonial and imperial periods.