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Cash Flow Statement using the Indirect Method.

Cash Flow Statement using the Indirect Method.

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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M57 E G H. A 58 Prepare a Cash Flow Statement using the Indirect Method. 59 DO NOT use the DIRECT Method 60 Not all accounts listed may be used in this example 61 62 Net income $1,500,000 63 Cash December 31, 2018 $750,000 64 Cash December 31 2019 ??????? 65 Depreciation Expense 66 Increase in inventory 67 Decrease in accounts payable $20,000 $15,000 $32,000 68 Increase in Prepaid insurance $31,000 69 Purchased stock $22,000 70 Purchased Jand $99,000 71 Paid mortgage $60,000 72 Paid car loan $43,000 73 Increase in wages payable $11,000 74 Patient Receivable $24,000.00 75 76 77 78 79 57
Transcribed Image Text:M57 E G H. A 58 Prepare a Cash Flow Statement using the Indirect Method. 59 DO NOT use the DIRECT Method 60 Not all accounts listed may be used in this example 61 62 Net income $1,500,000 63 Cash December 31, 2018 $750,000 64 Cash December 31 2019 ??????? 65 Depreciation Expense 66 Increase in inventory 67 Decrease in accounts payable $20,000 $15,000 $32,000 68 Increase in Prepaid insurance $31,000 69 Purchased stock $22,000 70 Purchased Jand $99,000 71 Paid mortgage $60,000 72 Paid car loan $43,000 73 Increase in wages payable $11,000 74 Patient Receivable $24,000.00 75 76 77 78 79 57
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