Current Attempt in Progress The following information is available for Blossom Company for the year ended December 31, 2022. Beginning cash balance Accounts payable increase Depreciation expense Accounts receivable decrease Inventory decrease Net income Cash received for sale of land at book value Cash dividends paid Income taxes payable decrease Cash used to purchase land Cash used to redeem bonds Cash received from issuing stock $ 32,400 7,695 55,350 6,480 4,185 Adjustments to reconcile net income to 77,220 140,400 51,300 5,265 109,350 89,100 25,000 Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-s parenthesis e.g. (15,000).) Blossom Company Statement of Cash Flows-Indirect Method MacBook Air

Current Attempt in Progress The following information is available for Blossom Company for the year ended December 31, 2022. Beginning cash balance Accounts payable increase Depreciation expense Accounts receivable decrease Inventory decrease Net income Cash received for sale of land at book value Cash dividends paid Income taxes payable decrease Cash used to purchase land Cash used to redeem bonds Cash received from issuing stock $ 32,400 7,695 55,350 6,480 4,185 Adjustments to reconcile net income to 77,220 140,400 51,300 5,265 109,350 89,100 25,000 Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-s parenthesis e.g. (15,000).) Blossom Company Statement of Cash Flows-Indirect Method MacBook Air

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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Statement of Cash Flows The following is a list of the items for L Company's 2019 statement of cash flows: a. depreciation expense, $4,100 g. proceeds from issuance of note, $6,100 b. proceeds from sale of land, $5,500 h. gain on sale of land, $1,900 c. payment of dividends, $5,000 i. payment for purchase of building, $14,000 d. net income, $8,000 j. increase in accounts receivable, $2,800 e. conversion of bonds to common stock, $7,000 k. ending cash balance, $14,000 f. increase in accounts payable, $3,000 Required: Prepare the statement of cash flows. Use a minus sign to indicate cash outflows, a decrease in cash or cash payments. L COMPANY Statement of Cash Flows For Year Ended December 31, 2019 Operating Activities: $fill in the blank 2 Adjustment for noncash income items: fill in the blank 4 fill in the blank 6 Adjustments for cash flow effectsfrom working capital items: fill in the blank 8…
Pronghorn Inc. Cash Flow Statement For the Year Ended on 31 December 2020 Cash Flow from Operating Activities: Net Income $47,200 Adjustments to reconcile net income to net cash flows from (used for) operating activities: Add: Depreciation 9200 Changes in current operating assets and liabilities: Add: Increase in Accounts Payable 6480 Less: Increase in Accounts Receivable (4480) Net Cash Provided by Operating Activities (A) $58,400 Cash Flow from Investing Activities: Purchase of Equipment $(18,480) Net Cash Used by Investing Activities (B) $(18,480) Cash Flow from Financing Activities: Payment of Dividends $(27,680 ) Proceeds from Issuance of Common Stock 19,760 Net Cash Used by Financing Activities (C) $(7,920) Net Increase/Decrease in Cash (A+B+C) $32,000 Add Cash Balance on 1/1/2020 14480 Cash Balance on 31/12/2020 $46,480 I dont have the right spacing for this layout. what I have looks like this: Cash Flows…
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Subject: acounting
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