Prepare a Cash Flow Statement using the DIRECT Method. DO NOT use the INDIRECT Method Not all accounts listed may be used in this example Net income Cash December 31, 2020 s Cash December 31 2020 O Depreciation Expense o Collections from third party 1 Decrease in accounts payable 12 Paid employees 13 Purchased stock 14 Purchased land 15 Paid mortgage $540,000 $120,000 ??????? $55,000 $411,000 $105,000 $87,000 $22,000 $99,000 $60,000 16 Paid car loan $43,000 17 Paid for insurance $11,000 18 Patient Receivable $24,000.00 10
Prepare a Cash Flow Statement using the DIRECT Method. DO NOT use the INDIRECT Method Not all accounts listed may be used in this example Net income Cash December 31, 2020 s Cash December 31 2020 O Depreciation Expense o Collections from third party 1 Decrease in accounts payable 12 Paid employees 13 Purchased stock 14 Purchased land 15 Paid mortgage $540,000 $120,000 ??????? $55,000 $411,000 $105,000 $87,000 $22,000 $99,000 $60,000 16 Paid car loan $43,000 17 Paid for insurance $11,000 18 Patient Receivable $24,000.00 10
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
Chapter7: Introduction To Financial Statement Analysis
Section: Chapter Questions
Problem 31P
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