Prepare a statement of cash flows (indirect method) for the year 2018. Use the minus sign to indicate cash outflows, a decrease in cash or cash payments. Yardley Company Statement of Cash Flows (Indirect Method) For the Year Ended December 31, 2018 Operating Activities: Adjustments to Reconcile Net Income to Net Cash Flow from Operating Activities: Changes in Current Assets and Liabilities: Net Cash Flow from Operating Activities Cash Flow from Investing Activities: Net Cash Flow from Investing Activities Cash Flow from Financing Activities: Net Cash Flow from Financing Activities

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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AMy Explore | Honey
Use the following excerpts from Yardley Company's financial information.
2018
Balance
Income
Sheets
Statement
Sales
$465,000
Cost of Goods Sold
(221,500)
Operating Expenses,
other than
Depreciation Expense
(58,600)
Depreciation Expense
(23,000)
Gain on Sale of Plant
23,500
Assets
Net Income
$185,400
Dec.
31,2018
Cash
$333,450
Accounts Receivable
39,750
Inventory
33,000
Accounts Payable
17,550
Accured Liabilities
3,500
Dec. 31,
2017
Cash
$133,500
Accounts Receivable
36,500
Inventory
35,000
Accounts Payable
19,550
Accured Liabilities
2,200
Additional Information:
Plant assets were sold for $40,000; book value
$16,500.
Dividends of $23,000 were deciared and paid.
Prepare a statement of cash flows (indirect method) for the year 2018. Use the minus sign to indicate cash outflows, a decrease in cash or cash payments
Yardiey Company
Statement of Cash Flowws (Indirect Method)
For the Year Ended December 31, 2018
Operating Activities:
Adjustments to Reconcile Net Income to Net Cash Flow from Operating Activities:
Transcribed Image Text:and le. Print Item AMy Explore | Honey Use the following excerpts from Yardley Company's financial information. 2018 Balance Income Sheets Statement Sales $465,000 Cost of Goods Sold (221,500) Operating Expenses, other than Depreciation Expense (58,600) Depreciation Expense (23,000) Gain on Sale of Plant 23,500 Assets Net Income $185,400 Dec. 31,2018 Cash $333,450 Accounts Receivable 39,750 Inventory 33,000 Accounts Payable 17,550 Accured Liabilities 3,500 Dec. 31, 2017 Cash $133,500 Accounts Receivable 36,500 Inventory 35,000 Accounts Payable 19,550 Accured Liabilities 2,200 Additional Information: Plant assets were sold for $40,000; book value $16,500. Dividends of $23,000 were deciared and paid. Prepare a statement of cash flows (indirect method) for the year 2018. Use the minus sign to indicate cash outflows, a decrease in cash or cash payments Yardiey Company Statement of Cash Flowws (Indirect Method) For the Year Ended December 31, 2018 Operating Activities: Adjustments to Reconcile Net Income to Net Cash Flow from Operating Activities:
2017
Cash
$133,500
Accounts Receivable
36,500
Inventory
35,000
Accounts Payable
19,550
Accured Liabilities
2,200
Additional Information:
Plant assets were sold for $40,000; book value
$16,500.
Dividends of $23,000 were declared add paid.
Prepare a statement of cash flows (indirect method) for the year 2018. Use the minus sign to indicate cash outflows, a decrease in cash or cash payments.
Yardley Company
Statement of Cash Flows (Indirect Method)
For the Year Ended December 31, 2018
Operating Activities:
Adjustments to Reconcile Net Income to Net Cash Flow from Operating Activities:
Changes in Current Assets and Liabilities:
Net Cash Flow from Operating Activities
Cash Flow from Investing Activities:
Net Cash Flow from Investing Activities
Cash Flow from Financing Activities:
Net Cash Flow from Financing Activities
Check My Work
号 0 号合
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Transcribed Image Text:2017 Cash $133,500 Accounts Receivable 36,500 Inventory 35,000 Accounts Payable 19,550 Accured Liabilities 2,200 Additional Information: Plant assets were sold for $40,000; book value $16,500. Dividends of $23,000 were declared add paid. Prepare a statement of cash flows (indirect method) for the year 2018. Use the minus sign to indicate cash outflows, a decrease in cash or cash payments. Yardley Company Statement of Cash Flows (Indirect Method) For the Year Ended December 31, 2018 Operating Activities: Adjustments to Reconcile Net Income to Net Cash Flow from Operating Activities: Changes in Current Assets and Liabilities: Net Cash Flow from Operating Activities Cash Flow from Investing Activities: Net Cash Flow from Investing Activities Cash Flow from Financing Activities: Net Cash Flow from Financing Activities Check My Work 号 0 号合 口0口 g
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