Cash balance at prior year-end Increase in inventory Depreciation expense Cash received from issuing stock Cash paid for dividends VPI COMPANY Statement of Cash Flows (Indirect Method) For Current Year Ended December 31 Changes in current operating assets and liabilities $ 43,600 Gain on sale of machinery 8,600 Cash received from sale of machinery 7,600 Increase in accounts payable Cash flows from operating activities Net income Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Cash paid for dividends Cash flows from investing activities 11,600 Net income 4,608 Decrease in accounts receivable Cash flows from financing activities $ $ $ 0 0 0 0 0 $ 2,900 11,300 3,300 59,000 6,600

Cash balance at prior year-end Increase in inventory Depreciation expense Cash received from issuing stock Cash paid for dividends VPI COMPANY Statement of Cash Flows (Indirect Method) For Current Year Ended December 31 Changes in current operating assets and liabilities $ 43,600 Gain on sale of machinery 8,600 Cash received from sale of machinery 7,600 Increase in accounts payable Cash flows from operating activities Net income Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Cash paid for dividends Cash flows from investing activities 11,600 Net income 4,608 Decrease in accounts receivable Cash flows from financing activities $ $ $ 0 0 0 0 0 $ 2,900 11,300 3,300 59,000 6,600

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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Subject: acounting
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