Designers. All amounts are in thousands (000s). Cash Flows from Operating Activities Net income CPU HARDWARE DESIGNERS Statement of Cash Flows For the year ended December 31, 2021 Adjustments to reconcile net income to net cash flows from operating activities: Net cash flows from operating activities Cash Flows from Investing Activities Net cash flows from investing activities Cash Flows from Financing Activities Net cash flows from financing activities Net increase (decrease) in cash Cash at the beginning of the period Cash at the end of the period $(36,800) 86,000 $ 49.200

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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=
Natalie King has completed the basic format to be used in preparing the statement of cash flows (indirect method) for CPU Hardware
Designers. All amounts are in thousands (000s).
Cash Flows from Operating Activities
Net income
Adjustments to reconcile net income to net cash flows from operating activities:
Net cash flows from operating activities
Cash Flows from Investing Activities.
Net cash flows from investing activities
Cash Flows from Financing Activities
Net cash flows from financing activities
Net increase (decrease) in cash
Cash at the beginning of the period
Cash at the end of the period
Below, in random order, are line items to be included in the statement of cash flows.
Cash received from the sale of land
Issuance of common stock
Depreciation expense
Increase in accounts receivable
Increase in accounts payable
Increase in inventory
Increase in prepaid rent
Payment of dividends
Net income
Repayment of notes payable
CPU HARDWARE DESIGNERS
Statement of Cash Flows
For the year ended December 31, 2021
Cash Flows from Operating Activities
Required:
Prepare the statement of cash flows for CPU Hardware Designers using the indirect method. (List cash outflows and any decrease in
cash as negative amounts. Enter your answers in thousands (i.e., 10,000,000 should be entered as "10,000).)
Net cash flows from operating activities
Cash Flows from Investing Activities
CPU HARDWARE DESIGNERS
Statement of Cash Flows
For the Year Ended December 31, 2021
Net cash flows from investing activities
Cash Flows from Financing Activities
$ 3,600
280,000
26,000
66,000
10,000
Adjustments to reconcile net income to net cash flows from operating activities:
36,000
10,000
Net cash flows from financing activities
Cash at the beginning of the period
Cash at the end of the period
46,000
76,000
56,000
$(36,800)
86,000
$ 49,200
$
$
0
0
0
0
Transcribed Image Text:S = Natalie King has completed the basic format to be used in preparing the statement of cash flows (indirect method) for CPU Hardware Designers. All amounts are in thousands (000s). Cash Flows from Operating Activities Net income Adjustments to reconcile net income to net cash flows from operating activities: Net cash flows from operating activities Cash Flows from Investing Activities. Net cash flows from investing activities Cash Flows from Financing Activities Net cash flows from financing activities Net increase (decrease) in cash Cash at the beginning of the period Cash at the end of the period Below, in random order, are line items to be included in the statement of cash flows. Cash received from the sale of land Issuance of common stock Depreciation expense Increase in accounts receivable Increase in accounts payable Increase in inventory Increase in prepaid rent Payment of dividends Net income Repayment of notes payable CPU HARDWARE DESIGNERS Statement of Cash Flows For the year ended December 31, 2021 Cash Flows from Operating Activities Required: Prepare the statement of cash flows for CPU Hardware Designers using the indirect method. (List cash outflows and any decrease in cash as negative amounts. Enter your answers in thousands (i.e., 10,000,000 should be entered as "10,000).) Net cash flows from operating activities Cash Flows from Investing Activities CPU HARDWARE DESIGNERS Statement of Cash Flows For the Year Ended December 31, 2021 Net cash flows from investing activities Cash Flows from Financing Activities $ 3,600 280,000 26,000 66,000 10,000 Adjustments to reconcile net income to net cash flows from operating activities: 36,000 10,000 Net cash flows from financing activities Cash at the beginning of the period Cash at the end of the period 46,000 76,000 56,000 $(36,800) 86,000 $ 49,200 $ $ 0 0 0 0
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