The item listed below belongs on the Statement of Cash Flows. Using formulas and cell links, complete the Statement of Cash Flows. Items for the Statement of Cash Flowws 01/01/21 12/31/21 Increase (Decrease) Davidson Company Statment of Cash Flow For the Year Ended Dec, 31,2021 Cash 42,000 60,000 Accounts Recevable 254,000 314,200 Cash Flows from operation activities Inventory 78,500 117,100 Accounts Payable 164,200 204,800 Net Cash Provided used by operating Activities Short-term notes Payable 65,000 27,200 Cash Flows from investing Activities Net income for 2021 230,200 Purchase of Equipment 84,000 Net Cash Provided used by investing Activities Depreciation Expense 26,600 Payments of Cash Dividends 91,600 Cash Flows from Financing Activities Sale of Land 32,800 Net Cash Provided used by Financing Activities Net increase (Decrease) in Cash Cash Jan, 1, 2021 Cash Dec,31,2021
The item listed below belongs on the Statement of Cash Flows. Using formulas and cell links, complete the Statement of Cash Flows. Items for the Statement of Cash Flowws 01/01/21 12/31/21 Increase (Decrease) Davidson Company Statment of Cash Flow For the Year Ended Dec, 31,2021 Cash 42,000 60,000 Accounts Recevable 254,000 314,200 Cash Flows from operation activities Inventory 78,500 117,100 Accounts Payable 164,200 204,800 Net Cash Provided used by operating Activities Short-term notes Payable 65,000 27,200 Cash Flows from investing Activities Net income for 2021 230,200 Purchase of Equipment 84,000 Net Cash Provided used by investing Activities Depreciation Expense 26,600 Payments of Cash Dividends 91,600 Cash Flows from Financing Activities Sale of Land 32,800 Net Cash Provided used by Financing Activities Net increase (Decrease) in Cash Cash Jan, 1, 2021 Cash Dec,31,2021
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The item listed below belongs on the Statement of
Items for the Statement of Cash Flowws | 01/01/21 | 12/31/21 | Increase (Decrease) | Davidson Company Statment of Cash Flow | For the Year Ended Dec, 31,2021 | ||||||||
Cash | 42,000 | 60,000 | |||||||||||
Accounts Recevable | 254,000 | 314,200 | Cash Flows from operation activities | ||||||||||
Inventory | 78,500 | 117,100 | |||||||||||
Accounts Payable | 164,200 | 204,800 | Net Cash Provided used by operating Activities | ||||||||||
Short-term notes Payable | 65,000 | 27,200 | |||||||||||
Cash Flows from investing Activities | |||||||||||||
Net income for 2021 | 230,200 | ||||||||||||
Purchase of Equipment | 84,000 | Net Cash Provided used by investing Activities | |||||||||||
26,600 | |||||||||||||
Payments of Cash Dividends | 91,600 | Cash Flows from Financing Activities | |||||||||||
Sale of Land | 32,800 | Net Cash Provided used by Financing Activities | |||||||||||
Net increase (Decrease) in Cash | |||||||||||||
Cash Jan, 1, 2021 | |||||||||||||
Cash Dec,31,2021 |
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