Maloney Corporation's Balance Sheet and Income Statement Appear Below

question 36

Essay

Maloney Corporation's balance sheet and income statement appear below: Cash dividends were $42.The company did not dispose of any property,plant,and equipment during the year.
Required:
Prepare the operating activities section of the statement of cash flows using the direct method.

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Definitions:

Shareholders of Record

Shareholders of record are individuals or entities that are officially recorded by a company as the legal owners of its shares on a specific date.

September

The ninth month of the year in the Gregorian calendar.

Positive Net Present Value

An indicator that an investment is expected to generate more cash than the initial amount invested, viewed positively in capital budgeting.

Regular Dividend

A fixed amount paid by a company to its shareholders out of its profits (or reserves) on a regular schedule.