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Alley Cellular accountants have assembled the following data for the year ended April 30, 2024: (Click the icon to view the data.) Prepare the operating activities section using the indirect method for Alley Cellular's statement of cash flows for the year ended April 30, 2024. (Use a minus sign or parentheses for amounts that result in a decrease in cash.) Alley Cellular Statement of Cash Flows (Partial) Year Ended April 30, 2024 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: Net Cash Provided by (Used for) Operating Activities Data table Cash receipt from sale of land Depreciation expense Cash payment of dividends Cash receipt from issuance of common stock $ 28,000 19,000 5,400 24,000 Print Net income Cash purchase of equipment Decrease in current liabilities Increase in current assets other than cash Done S 59.000 42,000 6,000 25,000 X

Alley Cellular accountants have assembled the following data for the year ended April 30, 2024: (Click the icon to view the data.) Prepare the operating activities section using the indirect method for Alley Cellular's statement of cash flows for the year ended April 30, 2024. (Use a minus sign or parentheses for amounts that result in a decrease in cash.) Alley Cellular Statement of Cash Flows (Partial) Year Ended April 30, 2024 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: Net Cash Provided by (Used for) Operating Activities Data table Cash receipt from sale of land Depreciation expense Cash payment of dividends Cash receipt from issuance of common stock $ 28,000 19,000 5,400 24,000 Print Net income Cash purchase of equipment Decrease in current liabilities Increase in current assets other than cash Done S 59.000 42,000 6,000 25,000 X

FINANCIAL ACCOUNTING
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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Alley Cellular accountants have assembled the following data for the year ended April 30, 2024: (Click the icon to view the data.) Prepare the operating activities section using the indirect method for Alley Cellular's statement of cash flows for the year ended April 30, 2024. (Use a minus sign or parentheses for amounts that result in a decrease in cash.) Alley Cellular Statement of Cash Flows (Partial) Year Ended April 30, 2024 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: Net Cash Provided by (Used for) Operating Activities Data table ... Cash receipt from sale of land Depreciation expense Cash payment of dividends Cash receipt from issuance of common stock $ 28,000 19,000 5,400 24,000 Print Net income Cash purchase of equipment Decrease in current liabilities Increase in current assets other than cash Done S - 59,000 42,000 6,000 25,000 X
Transcribed Image Text:Alley Cellular accountants have assembled the following data for the year ended April 30, 2024: (Click the icon to view the data.) Prepare the operating activities section using the indirect method for Alley Cellular's statement of cash flows for the year ended April 30, 2024. (Use a minus sign or parentheses for amounts that result in a decrease in cash.) Alley Cellular Statement of Cash Flows (Partial) Year Ended April 30, 2024 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: Net Cash Provided by (Used for) Operating Activities Data table ... Cash receipt from sale of land Depreciation expense Cash payment of dividends Cash receipt from issuance of common stock $ 28,000 19,000 5,400 24,000 Print Net income Cash purchase of equipment Decrease in current liabilities Increase in current assets other than cash Done S - 59,000 42,000 6,000 25,000 X
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