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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Nn.62.
Subject :- Account
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
$
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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