Burdic Company's Net Income Last Year Was $70,000

question 47

Essay

Burdic Company's net income last year was $70,000. Changes in the company's balance sheet accounts for the year appear below:
The company declared and paid cash dividends of $31,000 last year.
Required:
a. Construct the operating activities section of the company's statement of cash flows for the year. (Use the indirect method.)
b. Construct the investing activities section of the company's statement of cash flows for the year.
c. Construct the financing activities section of the company's statement of cash flows for the year.

---

Definitions:

Demand

The quantity of a good or service that consumers are willing and able to purchase at a given price over a specified period of time.

Constraint

A limitation or restriction in a problem-solving or decision-making process, often imposed by the requirements or conditions of a scenario.

Cutting Pattern

A specified arrangement or plan for cutting materials, used in manufacturing or textile production to maximize efficiency or output.

Solver

A tool or algorithm used to find the solution to mathematical problems or optimize certain parameters within constraints.