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 (no gain or loss) Issuance of common stock Depreciation expense Increase in accounts receivable CPU HARDWARE DESIGNERS Statement of Cash Flows For the Year Ended December 31, 2024 Increase in accounts payable Loss, on sale of land Purchase of equipment Increase in inventory. Increase in prepaid rent Payment of dividends Net income. Repayment of notes payable $2,600 230,000 20,000 56,000 12,000 6,600 216,000 26,000 12,000 36,000 66,000 46,000 $(54,800) 76,000 $21,200 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).)
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 (no gain or loss) Issuance of common stock Depreciation expense Increase in accounts receivable CPU HARDWARE DESIGNERS Statement of Cash Flows For the Year Ended December 31, 2024 Increase in accounts payable Loss, on sale of land Purchase of equipment Increase in inventory. Increase in prepaid rent Payment of dividends Net income. Repayment of notes payable $2,600 230,000 20,000 56,000 12,000 6,600 216,000 26,000 12,000 36,000 66,000 46,000 $(54,800) 76,000 $21,200 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).)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:0
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
CPU HARDWARE DESIGNERS
Statement of Cash Flows
For the Year Ended December 31, 2024
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 (no gain or loss)
Issuance of common stock
Depreciation expense
Increase in accounts receivable
Increase in accounts payable
Loss, on sale of land
Purchase of equipment.
Increase in inventory.
Increase in prepaid rent
Payment of dividends
Net income.
Repayment of notes payable
$2,600
230,000
20,000
56,000
12,000
6,600
216,000
26,000
12,000
36,000
66,000
46,000
$(54,800)
76,000
$21,200
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).)
Transcribed Image Text:Statement of Cash Flows
For the Year Ended December 31, 2024
Cash Flows from Operating Activities:
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
Cash at the beginning of the period
Cash at the end of the period
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