How do I prepare a statement of cash flow for the operating activities only with indirect method?
How do I prepare a statement of cash flow for the operating activities only with indirect method?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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How do I prepare a statement of cash flow for the operating activities only with indirect method?
Transcribed Image Text:787locale-&platformld-1030&iesCode=VLLIPEZ745
648
P11-61A. (Learning Objectives 2, 3: Prepare the statement of cash flows-indirect method)
The 2018 and 2017 comparative balance sheets and 2018 income statement of Queen Supply
Согр. follow:
A1
Queen Supply Corp.
Comparative Balance Sheets
1
December 31,
2017
Increase
2
2018
(Decrease)
3
4 Current assets:
17,800
50,200
56,700
2,300
9,000 $
42,000
43,300
5,000
8,800
8,200
13,400
(2,700)
5.
Cash and cash equivalents
Accounts receivable
6.
7
Inventories
8
Prepaid expenses
9 Plant assets:
37,700
68,500
53,700
$ 249,200
30,800
49,000
$ 179,100 $ 70,100
Land
10
11
4,700
Equipment, net
12 Total assets
13 Current liabilities:
Accounts payable
15
16
17 Long-term liabilities:
18
19 Stockholders' equity:
20
$ 35,700
27,000
21,200
$ 26,500 $
18,100
23,900
9,200
8,900
(2,700)
14
Salary payable
Other accrued liabilities
Notes payable
65,000
27,000
38,000
23,600
88,000
12,300
$ 249,200
64,400
19,200
$ 179,100 S 70,100
Common stock, no-par
(6,900)
Retained earnings
22 Total liabilities and stockholders' equity
23
21
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