Prepare a statement of cash flows, using the indirect method of presenting cash flows from (used for) operating activities. Be sure to complete the heading of the statement. Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. Use the minus sign to indicate cash outflows, decreases in cash and a net cash outflow for each section, if required. *There is actually 23 rows in the Statement of Cash Flows, I just couldn't fit them all in the screenshot. Row 22 & 23 are Cash balance, January 1, 20Y3 Cash balance, December 31, 20Y3
Prepare a statement of cash flows, using the indirect method of presenting cash flows from (used for) operating activities. Be sure to complete the heading of the statement. Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. Use the minus sign to indicate cash outflows, decreases in cash and a net cash outflow for each section, if required. *There is actually 23 rows in the Statement of Cash Flows, I just couldn't fit them all in the screenshot. Row 22 & 23 are Cash balance, January 1, 20Y3 Cash balance, December 31, 20Y3
Chapter4: Operating Activities: Sales And Cash Receipts
Section: Chapter Questions
Problem 3.6C
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Prepare a statement of cash flows , using the indirect method of presenting cash flows from (used for) operating activities. Be sure to complete the heading of the statement. Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. Use the minus sign to indicate cash outflows, decreases in cash and a net cash outflow for each section, if required.
*There is actually 23 rows in the Statement of Cash Flows, I just couldn't fit them all in the screenshot. Row 22 & 23 are
Cash balance, January 1, 20Y3
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![Statement of Cash Flows
(X)
1
Cash flows from (used for) operating activities:
2
3
Adjustments to reconcile net income to net cash flows from operating activities:
4
5
Changes in current operating assets and liabilities:
7
8
9
10
11
12 Cash flows from (used for) investing activities:
13
14
15
16
17 Cash flows from (used for) financing activities:
18
19](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F785b7add-d082-4ae4-ae6c-04f403773bba%2F63470600-f4fd-402a-8f3b-28ab65ebc24f%2Fz3jn70b_processed.png&w=3840&q=75)
Transcribed Image Text:Statement of Cash Flows
(X)
1
Cash flows from (used for) operating activities:
2
3
Adjustments to reconcile net income to net cash flows from operating activities:
4
5
Changes in current operating assets and liabilities:
7
8
9
10
11
12 Cash flows from (used for) investing activities:
13
14
15
16
17 Cash flows from (used for) financing activities:
18
19
![1
Dec. 31, 20Y3
Dec. 31, 20Y2
2
Assets
3 Cash
$625,080.00
$586,430.00
4 Accounts receivable (net)
228,260.00
209,470.00
5 Inventories
641,070.00
616,400.00
6 Investments
0.00
240,170.00
7 Land
327,640.00
0.00
8 Equipment
705,000.00
552,830.00
9 Accumulated depreciation-equipment
(165,670.00)
(148,610.00)
Total assets
$2,361,380.00
$2,056,690.00
10
11
Liabilities and Stockholders' Equity
12 Accounts payable
$425,090.00
$405,900.00
13 Accrued expenses payable
43,140.00
52,460.00
14 Dividends payable
23,780.00
19,970.00
15 Common stock, $4 par
147,000.00
96,000.00
16 Excess of paid-in capital over par
417,200.00
279,600.00
17 Retained earnings
1,305,170.00
1,202,760.00
Total liabilities and stockholders' equity
$2,361,380.00
$2,056,690.00
18](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F785b7add-d082-4ae4-ae6c-04f403773bba%2F63470600-f4fd-402a-8f3b-28ab65ebc24f%2F6dusodj_processed.png&w=3840&q=75)
Transcribed Image Text:1
Dec. 31, 20Y3
Dec. 31, 20Y2
2
Assets
3 Cash
$625,080.00
$586,430.00
4 Accounts receivable (net)
228,260.00
209,470.00
5 Inventories
641,070.00
616,400.00
6 Investments
0.00
240,170.00
7 Land
327,640.00
0.00
8 Equipment
705,000.00
552,830.00
9 Accumulated depreciation-equipment
(165,670.00)
(148,610.00)
Total assets
$2,361,380.00
$2,056,690.00
10
11
Liabilities and Stockholders' Equity
12 Accounts payable
$425,090.00
$405,900.00
13 Accrued expenses payable
43,140.00
52,460.00
14 Dividends payable
23,780.00
19,970.00
15 Common stock, $4 par
147,000.00
96,000.00
16 Excess of paid-in capital over par
417,200.00
279,600.00
17 Retained earnings
1,305,170.00
1,202,760.00
Total liabilities and stockholders' equity
$2,361,380.00
$2,056,690.00
18
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