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Required: Prepare the statement of cash flows for ATM Software Developers using the indirect method. (Amounts to be deducted, cash outflows, and any decrease in cash should be indicated with a minus sign. 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, 2024

Required: Prepare the statement of cash flows for ATM Software Developers using the indirect method. (Amounts to be deducted, cash outflows, and any decrease in cash should be indicated with a minus sign. 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, 2024

FINANCIAL ACCOUNTING
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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Cash Flows from Operating Activities Net income 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 Net increase (decrease) in cash Cash at the beginning of the period Cash at the end of the period Statement of Cash Flows) For the Year Ended December 31, 2024 Listed below in random order are line items to be included in the statement of cash flows. Cash received from the sale of land (no gain or loss) Issuance of common stock Depreciation expense Increase in accounts receivable Decrease in accounts payable Issuance of long-term notes payable Purchase of equipment Decrease in inventory Decrease in prepaid rent Payment of dividends Net incone Purchase of treasury stock Cash Flows from Operating Activities: $ 8,650 13,075 5,465 4,090 ATM SOFTWARE DEVELOPERS Statement of Cash Flows For the Year Ended December 31, 2024 1,760 16,495 39,865 1,475 905 6,370 12,400 2,615 Required: Prepare the statement of cash flows for ATM Software Developers using the indirect method. (Amounts to be deducted, cashi outflows, and any decrease in cash should be indicated with a minus sign. Enter your answers in thousands (i.e., 10,000,000 should be entered as 10,000).) $ 3,765 7,510 $11,275
Transcribed Image Text:Cash Flows from Operating Activities Net income 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 Net increase (decrease) in cash Cash at the beginning of the period Cash at the end of the period Statement of Cash Flows) For the Year Ended December 31, 2024 Listed below in random order are line items to be included in the statement of cash flows. Cash received from the sale of land (no gain or loss) Issuance of common stock Depreciation expense Increase in accounts receivable Decrease in accounts payable Issuance of long-term notes payable Purchase of equipment Decrease in inventory Decrease in prepaid rent Payment of dividends Net incone Purchase of treasury stock Cash Flows from Operating Activities: $ 8,650 13,075 5,465 4,090 ATM SOFTWARE DEVELOPERS Statement of Cash Flows For the Year Ended December 31, 2024 1,760 16,495 39,865 1,475 905 6,370 12,400 2,615 Required: Prepare the statement of cash flows for ATM Software Developers using the indirect method. (Amounts to be deducted, cashi outflows, and any decrease in cash should be indicated with a minus sign. Enter your answers in thousands (i.e., 10,000,000 should be entered as 10,000).) $ 3,765 7,510 $11,275
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