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Complete the following Spreadsheet for the preparation of statement of cash flows under the indirect method. (The statement of cash flows is not required.) (Enter all amounts as positive values.) Additional information: a. Net income for the year was $112,000. b. Dividends of $104,000 cash were declared and paid. c. The only noncash expense was $82,000 of depreciation. d. Purchased plant assets for $82,000 cash. e. Notes payable of $32,000 were issued for $32,000 cash. f. $82,000 increase in accounts receivable. g. $32,000 decrease in inventory. h. $22,000 decrease in accounts payable. SCORETECK CORPORATION Spreadsheet for Statement of Cash Flows-Indirect Method For Year Ended December 31, 2019 Analysis of Changes Debit Credit Balance Sheet-Debit Bal. Accounts Cash Accounts receivable Inventory Dec. 31, 2018 $ 116,000 132,000 274,000

Complete the following Spreadsheet for the preparation of statement of cash flows under the indirect method. (The statement of cash flows is not required.) (Enter all amounts as positive values.) Additional information: a. Net income for the year was $112,000. b. Dividends of $104,000 cash were declared and paid. c. The only noncash expense was $82,000 of depreciation. d. Purchased plant assets for $82,000 cash. e. Notes payable of $32,000 were issued for $32,000 cash. f. $82,000 increase in accounts receivable. g. $32,000 decrease in inventory. h. $22,000 decrease in accounts payable. SCORETECK CORPORATION Spreadsheet for Statement of Cash Flows-Indirect Method For Year Ended December 31, 2019 Analysis of Changes Debit Credit Balance Sheet-Debit Bal. Accounts Cash Accounts receivable Inventory Dec. 31, 2018 $ 116,000 132,000 274,000

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter14: Statement Of Cash Flows
Section: Chapter Questions
Problem 50P: The following balance sheets and income statement were taken from the records of Rosie-Lee Company:...
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Inventory Plant assets Balance Sheet-Credit Bal. Accounts Accumulated depreciation Accounts payable Notes payable Common stock Retained earnings Statement of Cash Flows Operating activities Investing activities Financing activities $ $ 274,000 612,000 1,134,000 112,000 174,000 382,000 212,000 254,000 1,134,000
Transcribed Image Text:Inventory Plant assets Balance Sheet-Credit Bal. Accounts Accumulated depreciation Accounts payable Notes payable Common stock Retained earnings Statement of Cash Flows Operating activities Investing activities Financing activities $ $ 274,000 612,000 1,134,000 112,000 174,000 382,000 212,000 254,000 1,134,000
Complete the following Spreadsheet for the preparation of statement of cash flows under the indirect method. (The statement of cash flows is not required.) (Enter all amounts as positive values.) Additional information: a. Net income for the year was $112,000. b. Dividends of $104,000 cash were declared and paid. c. The only noncash expense was $82,000 of depreciation. d. Purchased plant assets for $82,000 cash. e. Notes payable of $32,000 were issued for $32,000 cash. f. $82,000 increase in accounts receivable. g. $32,000 decrease in inventory. h. $22,000 decrease in accounts payable. SCORETECK CORPORATION Spreadsheet for Statement of Cash Flows-Indirect Method For Year Ended December 31, 2019 Balance Sheet-Debit Bal. Accounts Cash Accounts receivable Inventory Dec. 31, 2018 $ 116,000 132,000 274,000 Analysis of Changes Debit Credit
Transcribed Image Text:Complete the following Spreadsheet for the preparation of statement of cash flows under the indirect method. (The statement of cash flows is not required.) (Enter all amounts as positive values.) Additional information: a. Net income for the year was $112,000. b. Dividends of $104,000 cash were declared and paid. c. The only noncash expense was $82,000 of depreciation. d. Purchased plant assets for $82,000 cash. e. Notes payable of $32,000 were issued for $32,000 cash. f. $82,000 increase in accounts receivable. g. $32,000 decrease in inventory. h. $22,000 decrease in accounts payable. SCORETECK CORPORATION Spreadsheet for Statement of Cash Flows-Indirect Method For Year Ended December 31, 2019 Balance Sheet-Debit Bal. Accounts Cash Accounts receivable Inventory Dec. 31, 2018 $ 116,000 132,000 274,000 Analysis of Changes Debit Credit
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