The financial statements of Pouchle Co. Included the following Information for the year ended December 31, 2019 (amounts in millions):Depreciation and amortization expenseCash dividends declared and paidPurchase of equipmentNet incomeBeginning cash balanceProceeds of common stock issuedProceeds from sale of building (at book value)Accounts receivable increaseEnding cash balanceInventory decreaseAccounts payable increasePOUCHIE CO.Statement of Cash FlowsFor the Year Ended December 31, 2019Required:Complete the following statement of cash flows, using the Indirect method. (Amounts to be deducted should be indicated by a minussign. Enter your answers in millions (1.e., 5,000,000 should be entered as 5).)Cash flows from operating activities:Add (deduct) items not affecting cash:Cash flows from investing activities:Cash flows from financing activities:$270311820499Cash balance, January 1, 2019Cash balance, December 31, 201912418522672876160(in millions)SSSS0000 Complete the following statement of cash flows, using the Indirect method. (Amounts to be deducted should be indicated by asign. Enter your answers in millions (1.e., 5,000,000 should be entered as 5).)POUCHIE CO.Statement of Cash FlowsFor the Year Ended December 31, 2019Cash flows from operating activities:unt) itsme not affecting nackAccounts payable increaseAccounts receivable increaseBeginning cash balanceCash dividends declared and paidCommon stock issuedCash flows from investing activities:Cash flows from financing activities:Cash balance, January 1, 2019Cash balance, December 31, 2019(in millions)SSSS0000

A cash flow financial statement is a statement that details the cash inflows that a business…

The financial statements of Pouchle Co. Included the following Information for the year ended December 31, 2019 (amounts in millions): $270 311 820 Depreciation and amortization expense Cash dividends declared and paid Purchase of equipment Net Income Beginning cash balance. Proceeds of common stock issued Proceeds from sale of building (at book value) Accounts receivable increase Ending cash balance Inventory decrease Accounts payable increase 499 124 185 226 7 287 61 60 Required: Complete the following statement of cash flows, using the Indirect method. (Amounts to be deducted should be indicated by a minus slon Enter your answers in millions (Le 5.000.000 should be entered as 511

The financial statements of Pouchle Co. Included the following Information for the year ended December 31, 2019 (amounts in millions): $270 311 820 Depreciation and amortization expense Cash dividends declared and paid Purchase of equipment Net Income Beginning cash balance. Proceeds of common stock issued Proceeds from sale of building (at book value) Accounts receivable increase Ending cash balance Inventory decrease Accounts payable increase 499 124 185 226 7 287 61 60 Required: Complete the following statement of cash flows, using the Indirect method. (Amounts to be deducted should be indicated by a minus slon Enter your answers in millions (Le 5.000.000 should be entered as 511

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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The financlal statements of Pouchle Co. Included the following Information for the year ended December 31, 2019 (amounts In millions): Depreciation and amortization expense Cash dividends declared and paid Purchase of equipment $248 340 840 Net income 516 Beginning cash balance Proceeds of common stock issued Proceeds from sale of building (at book value) Accounts receivable increase Ending cash balance Inventory decrease Accounts payable increase 134 186 222 12 183 39 30 Requlred: Complete the following statement of cash flows, usIng the Indirect method. (Amounts to be deducted should be Indicated by a minus sign. Enter your answers In mlllons (I.e., 5,000,000 should be entered as 5).) POUCHIE CO. Statement of Cash Flows For the Year Ended December 31, 2019 (in millions) Cash flows from operating activities. Add (deduct) items not affecting cash: Cash flows from investing activities: Cash flows from financing activities: Cash balance, January 1, 2019 Cash balance, December 31, 2019
Bonita Corporation’s balance sheet at the end of 2019 included the following items. Current assets (Cash $82,000) $236,730 Current liabilities $151,730 Land 32,040 Bonds payable 101,730 Buildings 121,730 Common stock 182,040 Equipment 92,040 Retained earnings 46,040 Accum. depr.-buildings (31,730 ) Total $481,540 Accum. depr.-equipment (11,000 ) Patents 41,730 Total $481,540 The following information is available for 2020. 1. Net income was $56,660. 2. Equipment (cost $21,730 and accumulated depreciation $9,730) was sold for $11,730. 3. Depreciation expense was $5,730 on the building and $10,730 on equipment. 4. Patent amortization was $2,500. 5. Current assets other than cash increased by $29,000. Current liabilities increased by $14,730. 6. An addition to the building was completed at a cost of $28,730. 7. A long-term investment in stock was purchased for $16,000. 8. Bonds payable of $52,040 were issued. 9. Cash dividends of $30,000 were declared and paid. 10. Treasury stock was…
PLEASE DO PART D AND E, THANK YOU.
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