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The comparative balance sheet of Crossbow Novelties

Corp at December #6013


The comparative balance sheet of Crossbow Novelties Corp at December

The comparative balance sheet of Crossbow Novelties Corp. at December 31, 2017, reported
the following:

Crossbow's transactions during 2017 included the following:

Requirements

1. Prepare the statement of cash flows of Crossbow Novelties Corp. for the year ended
December 31, 2017. Use the indirect method to report cash flows from operating activities.
Report non-cash investing and financing activities in an accompanying schedule.

2. Evaluate Crossbow's cash flows for the year. Mention all three categories of cash flows, and
give the reason for your evaluation?

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The comparative balance sheet of Crossbow Novelties Corp at December

ANSWER
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