Help on homework question Problem 11-2A Classify items and prepare the statement of cash flows (LO11-1, 11-3, 11-4, 11-5)Seth Erkenbeck, a recent college graduate, has just completed the basic format to be used in preparing the statement of cash flows(indirect method) for ATM Software Developers. All amounts are in thousands (000s).ATM SOFTWARE DEVELOPERSStatement of Cash FlowsFor the year ended December 31, 2021Cash Flows from Operating ActivitiesNet incomeAdjustments to reconcile net income to net cash flows fromoperating activities:Net cash flows from operating activitiesCash Flows from Investing ActivitiesNet cash flows from investing activitiesCash Flows from Financing ActivitiesNet cash flows from financing activitiesNet increase (decrease) in cashCash at the beginning of the periodCash at the end of the periodCash received from the sale of land (no gain or loss)Issuance of common stockListed below in random order are line items to be included in the statement of cash flows.Depreciation expenseIncrease in accounts receivableDecrease in accounts payableIssuance of long-term notes payablePurchase of equipmentDecrease in inventoryDecrease in prepaid rentPayment of dividendsNet incomePurchase of treasury stock$ 8,65013,0755,4654,0901,76016,49539,8651,475905$6,37012,4002,615$ 3,7657,510$11,275 Required:Prepare the statement of cash flows for ATM Software Developers using the indirect method. (List cash outflows and any decrease incash as negative amounts. Enter your answers in thousands (i.e., 10,000,000 should be entered as 10,000).)Cash Flows from Operating Activities:ATM SOFTWARE DEVELOPERSStatement of Cash FlowsFor the Year Ended December 31, 2021Adjustments to reconcile net income to net cash flows from operating activities:Net cash flows from operating activitiesCash Flows from Investing Activities:Net cash flows from investing activitiesCash Flows from Financing Activities:Net cash flows from financing activitiesCash at the beginning of the periodCash at the end of the period

Cash flows statement is one of the important financial statement being prepared in business. It…

Prepare the statement of cash flows for ATM Software Developers 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).) Cash Flows from Operating Activities: ATM SOFTWARE DEVELOPERS Statement of Cash Flows For the Year Ended December 31, 2021 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

Prepare the statement of cash flows for ATM Software Developers 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).) Cash Flows from Operating Activities: ATM SOFTWARE DEVELOPERS Statement of Cash Flows For the Year Ended December 31, 2021 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

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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