TECHNOLOGY SOLUTIONS Statement of Cash Flows For the year ended December 31, 2021 $$$ $$$ $$$ Cash at the beginning of the period Cash at the end of the period Net increase (decrease) in cash Cash Flows from Financing Activities List of cash inflows and outflows from financing activities Net cash flows from financing activities $$$ Noncash Activities List of noncash transactions $$$ Cash Flows from Investing Activities List of cash inflows and outflows from investing activities Net cash flows from investing activities Cash Flows from Operating Activities List of items adjusting net income to operating cash flows Adjustments to reconcile net income to net cash flows from operating activities $$$ Net income Net cash flows from operating activities $$$

TECHNOLOGY SOLUTIONS Statement of Cash Flows For the year ended December 31, 2021 $$$ $$$ $$$ Cash at the beginning of the period Cash at the end of the period Net increase (decrease) in cash Cash Flows from Financing Activities List of cash inflows and outflows from financing activities Net cash flows from financing activities $$$ Noncash Activities List of noncash transactions $$$ Cash Flows from Investing Activities List of cash inflows and outflows from investing activities Net cash flows from investing activities Cash Flows from Operating Activities List of items adjusting net income to operating cash flows Adjustments to reconcile net income to net cash flows from operating activities $$$ Net income Net cash flows from operating activities $$$

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

Technology Solutions’ format for the statement of cash flows was corrupted by a computer virus, as follows:

Required:
Prepare a correct format for Technology Solutions to use in preparing the statement of cash flows.

TECHNOLOGY SOLUTIONS
Statement of Cash Flows
For the year ended December 31, 2021
$$$
$$$
$$$
Cash at the beginning of the period
Cash at the end of the period
Net increase (decrease) in cash
Cash Flows from Financing Activities
List of cash inflows and outflows from financing activities
Net cash flows from financing activities
$$$
Noncash Activities
List of noncash transactions
$$$
Cash Flows from Investing Activities
List of cash inflows and outflows from investing activities
Net cash flows from investing activities
Cash Flows from Operating Activities
List of items adjusting net income to operating cash flows
Adjustments to reconcile net income to net cash flows from operating activities
$$$
Net income
Net cash flows from operating activities
$$$

Definition Definition Net amount of cash that an entity receives and expends over the course of a given period. For a business to continue operating, positive cash flows are required, and they are also necessary to produce value for investors. Investors in particular prefer to see growing cash flows even after capital expenditures have been paid for (which is known as free cash flow).

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