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The following information is available for Carla Vista Limited for the year ended December 31, 2024. Carla Vista follows ASPE Beginning cash balance Accounts payable increase Depreciation expense Accounts receivable increase Inventory decrease Profit for the year Cash received for sale of patent at carrying amount Cash dividends paid Income tax payable decrease Cash used to purchase building $78,700 9,000 95,400 10,700 6.800 171,300 53,500 64,200 4,000 354.600

The following information is available for Carla Vista Limited for the year ended December 31, 2024. Carla Vista follows ASPE Beginning cash balance Accounts payable increase Depreciation expense Accounts receivable increase Inventory decrease Profit for the year Cash received for sale of patent at carrying amount Cash dividends paid Income tax payable decrease Cash used to purchase building $78,700 9,000 95,400 10,700 6.800 171,300 53,500 64,200 4,000 354.600

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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Nn.62.

Subject  :- Account 

Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000).) Adjustment to reconcile profit to CARLA VISTA LIMITED Statement of Cash Flows-Indirect Method $
Transcribed Image Text:Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000).) Adjustment to reconcile profit to CARLA VISTA LIMITED Statement of Cash Flows-Indirect Method $
The following information is available for Carla Vista Limited for the year ended December 31, 2024. Carla Vista follows ASPE Beginning cash balance Accounts payable increase Depreciation expense Accounts receivable increase Inventory decrease Profit for the year Cash received for sale of patent at carrying amount Cash dividends paid Income tax payable decrease Cash used to purch building Cash received from issuing bonds $78,700 9,000 95,400 10.700 6.800 171,300 53,500 64,200 4,000 4,600 291.400
Transcribed Image Text:The following information is available for Carla Vista Limited for the year ended December 31, 2024. Carla Vista follows ASPE Beginning cash balance Accounts payable increase Depreciation expense Accounts receivable increase Inventory decrease Profit for the year Cash received for sale of patent at carrying amount Cash dividends paid Income tax payable decrease Cash used to purch building Cash received from issuing bonds $78,700 9,000 95,400 10.700 6.800 171,300 53,500 64,200 4,000 4,600 291.400
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