Please do not give solution in image format thanku Exercise 16-21B (Algo) Direct: Preparing statement of cash flows and supporting note LO PSCash and cash equivalents, December 31 prior year-endCash and cash equivalents, December 31 current year-endCash received as interestCash paid for salariesBonds payable retired by issuing common stock (no gain or loss on retirement)Cash paid to retire long-term notes payableCash received from sale of equipmentLand purchased by issuing long-term notes payableCash paid for store equipmentCash dividends paidCash paid for other expensesCash received from customersCash paid for inventoryFERRON COMPANYStatement of Cash FlowsFor Year Ended December 31Cash flows from operating activitiesCash flows from investing activitiesS0Use the above information about Ferron Company to prepare a complete statement of cash flows (direct method) for the current yearended December 31. Use a note disclosure for any noncash investing and financing activities. (Amounts to be deducted should beindicated with a minus sign.)< Prev4$10,00028,1201,0008 of 929,000115,00050,00024,50066,7009,5006,00016,000194,000100,880Next > FERRON COMPANYStatement of Cash FlowsFor Year Ended December 31Cash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesNet increase (decrease) in cash and cash equivalentsCash and cash equivalents at prior year-endCash and cash equivalents at current year-endNoncash investing and financing activities$$00

The cash flow statement is the one of the financial statement of the business. The various…

Exercise 16-21B (Algo) Direct: Preparing statement of cash flows and supporting note LO P5 Cash and cash equivalents, December 31 prior year-end Cash and cash equivalents, December 31 current year-end Cash received as interest Cash paid for salaries Bonds payable retired by issuing common stock (no gain or loss on retirement) Cash paid to retire long-term notes payable Cash received from sale of equipment Land purchased by issuing long-term notes payable Cash paid for store equipment Cash dividends paid Cash paid for other expenses Cash received from customers Cash paid for inventory $ 10,000 28,120 1,000 29,000 115,000 50,000 24,500 66,700 9,500 6,000 16,000 194,000 100,880 Use the above information about Ferron Company to prepare a complete statement of cash flows (direct method for the current year ended December 31. Use a note disclosure for any noncash investing and financing activities. (Amounts to be deducted should be indicated with a minus sign

Exercise 16-21B (Algo) Direct: Preparing statement of cash flows and supporting note LO P5 Cash and cash equivalents, December 31 prior year-end Cash and cash equivalents, December 31 current year-end Cash received as interest Cash paid for salaries Bonds payable retired by issuing common stock (no gain or loss on retirement) Cash paid to retire long-term notes payable Cash received from sale of equipment Land purchased by issuing long-term notes payable Cash paid for store equipment Cash dividends paid Cash paid for other expenses Cash received from customers Cash paid for inventory $ 10,000 28,120 1,000 29,000 115,000 50,000 24,500 66,700 9,500 6,000 16,000 194,000 100,880 Use the above information about Ferron Company to prepare a complete statement of cash flows (direct method for the current year ended December 31. Use a note disclosure for any noncash investing and financing activities. (Amounts to be deducted should be indicated with a minus sign

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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