A compeny hes gsthered dets to be used in preparing the statement of cesh fiows (indirect method). Listed below, in no particuler order, ere items to be included in thet statement. Purchase of equipnent Increase in inventory Increase in prepaid rent Payment of dividends Depreciation expense Increase in accounts receivable Increase in accounts payable Loss on sale of land Net incone Repayment of notes payable Cash received from the sale of land Issuance of common stock $ 221,8ee 33,000 6,8ee 48,8ee 17,eee 53,000 19,0ee 11,8ee 61,88e 45,eee 4, see 246,0ee Prepere the company's ststement of cash flows using the indirect method. (Amounts to be deducted and negative values should be Indicated by minus sign.) CEO CONSULTANTS Statement of Caeh Flowe For the Year Ended December 31, 2021 Cash Flows from Operating Activities Adjustments to reconcile net income to net cash flows fram operating activities: Net cash flows from operating activities Cash Flows from Investing Activities Net cash flows from investing activities Cash Flows from Financing Activities Net cash flows from financing activities Net increase (decrease) in cash (39,500) Cash at the beginning of the period 95,000 Cash at the end of the period 55,500

A compeny hes gsthered dets to be used in preparing the statement of cesh fiows (indirect method). Listed below, in no particuler order, ere items to be included in thet statement. Purchase of equipnent Increase in inventory Increase in prepaid rent Payment of dividends Depreciation expense Increase in accounts receivable Increase in accounts payable Loss on sale of land Net incone Repayment of notes payable Cash received from the sale of land Issuance of common stock $ 221,8ee 33,000 6,8ee 48,8ee 17,eee 53,000 19,0ee 11,8ee 61,88e 45,eee 4, see 246,0ee Prepere the company's ststement of cash flows using the indirect method. (Amounts to be deducted and negative values should be Indicated by minus sign.) CEO CONSULTANTS Statement of Caeh Flowe For the Year Ended December 31, 2021 Cash Flows from Operating Activities Adjustments to reconcile net income to net cash flows fram operating activities: Net cash flows from operating activities Cash Flows from Investing Activities Net cash flows from investing activities Cash Flows from Financing Activities Net cash flows from financing activities Net increase (decrease) in cash (39,500) Cash at the beginning of the period 95,000 Cash at the end of the period 55,500

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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