Prepare a Statement of cash Flow using the INDIRECT method:Not all accounts listed may be used in solving this problem$980,000.00P??????????$75,000.00$66,000.00$800,000.00$150,000.00$35,000.00$22,000.00$33,000.00$25,000.00$11,000.00$ 12,000.00$64,000.00$51,000.00$77,000.00$29,000.00Cash December 31 2020Cash December 31 2021Purchased stock of BBBPurchased bonds of DDDNet IncomePaid MortgageDepreciation ExpenseDecrease in inventoryDecrease in accounts receivableDecrease in prepaid insuranceIncrease in accounts payableIncrease in salaries payableIntangible AssetsNet Assets without donor restrictionsPatient revenueAuxiliary revenue

The indirect method requires the cash flow statement should commence with accrual net income and…

Prepare a Statement of cash Flow using the INDIRECT method: Not all accounts listed may be used in solving this problem Cash December 31 2020 $980,000.00 Cash December 31 2021 ??????????? Purchased stock of BBB $75,000.00 $66,000.00 $800,000.00 Purchased bonds of DDD Net Income

Prepare a Statement of cash Flow using the INDIRECT method: Not all accounts listed may be used in solving this problem Cash December 31 2020 $980,000.00 Cash December 31 2021 ??????????? Purchased stock of BBB $75,000.00 $66,000.00 $800,000.00 Purchased bonds of DDD Net Income

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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Question

Prepare a Statement of cash Flow using the INDIRECT method:
Not all accounts listed may be used in solving this problem
$980,000.00
P??????????
$75,000.00
$66,000.00
$800,000.00
$150,000.00
$35,000.00
$22,000.00
$33,000.00
$25,000.00
$11,000.00
$ 12,000.00
$64,000.00
$51,000.00
$77,000.00
$29,000.00
Cash December 31 2020
Cash December 31 2021
Purchased stock of BBB
Purchased bonds of DDD
Net Income
Paid Mortgage
Depreciation Expense
Decrease in inventory
Decrease in accounts receivable
Decrease in prepaid insurance
Increase in accounts payable
Increase in salaries payable
Intangible Assets
Net Assets without donor restrictions
Patient revenue
Auxiliary revenue

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Use the following information to calculate total ending cash and equivalents: Beginning Cash and Equivalents = $45 Cash Flow from Operations = $100 Cash Flow from Investing = $20 Cash Flow from Financing = $300 Group of answer choices $465 $145 $345 $420
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Question 13 Prepare a statement of cash flows in good form assuming that Avatar Company uses the indirect method. Please refer to the following information for the year 2021. Avatar Company Balance Sheet December 31, 2021 2021 2020 Change Cash $21,000 $18,000 $3,000 Accounts receivable 31,000 35,000 (4,000) Inventory 53,000 25,000 28,000 Property, Plant & Equipment (net) 120,000 90,000 30,000 Total assets $225,000 $168,000 $57,000 Accounts payable $4,000 $6,000 $(2,000) Accrued liabilities 2,000 1,000 1,000 Long-term notes payable 84,000 90,000 (6,000) Total liabilities $90,000 $97,000 $(7,000)…
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