The following information is available for Vaughn Manufacturing for the year ended December 31, 2022. Beginning cash balance Accounts payable decrease Depreciation expense Accounts receivable increase Inventory increase Net income Cash received for sale of land at book value Cash dividends paid Income taxes payable increase Cash used to purchase building Cash used to purchase treasury stock Cash received from issuing bonds Prepare a statement of cash flows using the indirect method (Show amounts that decrease cash flow with either a sign eg-15,000 or in parenthesis eg (15,000) Adjustments to reconcile net income to Vaughn Manufacturing Statement of Cash Flows-Indirect Method < $40,500 3,330 145,800 7,380 9,900 255,690 31,500 10,800 > 4,230 260,100 23,400 180,000 <

The following information is available for Vaughn Manufacturing for the year ended December 31, 2022. Beginning cash balance Accounts payable decrease Depreciation expense Accounts receivable increase Inventory increase Net income Cash received for sale of land at book value Cash dividends paid Income taxes payable increase Cash used to purchase building Cash used to purchase treasury stock Cash received from issuing bonds Prepare a statement of cash flows using the indirect method (Show amounts that decrease cash flow with either a sign eg-15,000 or in parenthesis eg (15,000) Adjustments to reconcile net income to Vaughn Manufacturing Statement of Cash Flows-Indirect Method < $40,500 3,330 145,800 7,380 9,900 255,690 31,500 10,800 > 4,230 260,100 23,400 180,000 <

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter6: Statement Of Cash Flows

Section: Chapter Questions

Problem 20E

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Question

Please do not give solution in image format thanku

The following information is available for Vaughn Manufacturing for the year ended December 31, 2022.
Beginning cash balance
Accounts payable decrease
Depreciation expense
Accounts receivable increase
Inventory increase
Net income
Cash received for sale of land at book value
Cash dividends paid
Income taxes payable increase
Cash used to purchase building
Cash used to purchase treasury stock
Cash received from issuing bonds
$40,500
3,330
145,800
7,380
Adjustments to reconcile net income to
9,900
255.690
V
31,500
10,800
4,230
260.100
Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a sign eg-15,000 or in
parenthesis eg (15,000)
23,400
180,000
Vaughn Manufacturing
Statement of Cash Flows-Indirect Method
$
$

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