THIS IS AN ACCOUNTING (EXCEL) PRACTICE PROBLEM!Please read the instructions carefully. Please construct an indirect cash flow statement in Excel for year 4 (the information for year 4 can be found in the images (Exhibit 3.27) that I attached to this question). Module 2 Practice Assignment (Not Graded)In this practice assignment you will have the opportunity to demonstrate your ability to1) Construct an indirect cash flow statement by deconstructing the other financialstatementsInstructions1) Using the financial statements and additional information below, construct anindirect cash flow statement in Excel for year 4. As long as you are following generalcash flow formatting rules (e.g. operating section, investing section, financing section),you can format it as you see fit. Remember that these reports should be clean, easy toread and understand, and useful for decision-making purposes.Exhibit 3.27Nojiri Pharmaceutical IndustriesIncome Statements(amounts in millions)(Problem 3.28)Year Ended March 31:Year 4Year 3Year 2Sales¥41,352Cost of goods soldSelling and administrative expensesInterest expensé(27,667)(13,396)(338)(1,823)¥ (1,872)¥41,926(27,850)(15,243)(364)¥ 44,226(28,966)(15,283)(368)Income tax expense44334Net Income¥(1,088)(357) Exhibit 3.26Nojiri Pharmaceutical IndustriesBalance Sheets(amounts in millions)(Problem 3.28)March 31:Year 4Year 3Year 2Year 1ASSETSCashAccounts and notes recelvable--TradeInventorlesDeferred income taxesPrepaymentsTotal Current AssetsInvestmentsProperty, plant, and equipment, at costLess accumulated depreciationDeferred income taxes¥6,233¥4,569¥4,51319,0037,6931,35517,6287,9481,192325¥318622,35619,7038,706948640¥5,008194578,607824634432¥ 34,7163,30971,792(40,689)¥34,5103,20471,326(36,854]1,4813,312¥76,979¥34,5304,99771,018(35,797)4943,463* 78,70571,510(38.912)2364,551¥73,9151,608Other assetsTotal Assets3,904¥72.328LIABILITIES AND SHAREHOLDERS EQUITYAccounts and notes payable-Trade¥ 10,08710,3601007,200¥ 27,7478,1403.361¥9,62910,32810,8519,779¥ 10,80410023Current portion of long-term debtOther current liabilitiesTotal Current LlabilitlesLong-term debtDeferred income taxes2006,170¥ 26,3277,8899,779¥30,4096,4877565¥28,3928,147Employee retirement benefitsOther noncurrent liabilitiesTotal LlabilitiesCommon stock,Additional paid-in capitalRetained earnings.Accumulated other comprehensive incomeTreasury stockTotal Shareholders EquityTotal Liabilities and Shareholders' Equity809175905174¥35,2951,0872001,16621640,232¥10,758¥38,18310,758 ¥ 10,75815,01213,697(659)(12)¥38,79676,979¥37,921¥ 10.75815,012,15.01415,01211,838(490)(85)¥37,03372,32815,0129,179(342](924)33,68373.915¥ 40,784¥78,705Additional information:• The changes in Accumulated Other Comprehensive Income relate to revaluations ofInvestments in Securities to market value. The remaining changes in Investments inSecurities result from purchases and sales. Assume that the sales occurred at no gain orloss.No sales of property, plant, and equipment took place during the three-year period.The changes in Other Noncurrent Assets are investing activities.The changes in Employee Retirement Benefits relate to provisions made for retirementbenefits net of payments made to retired employees, both of which the statement ofcash flows classifies as operating activities.The changes in Other Noncurrent Liabilities are financing activities.

Cash Flow Statement The purpose of preparing the cash flow statement to know the actual cash inflows…

THIS IS AN ACCOUNTING (EXCEL) PRACTICE PROBLEM! Please read the instructions carefully. Please construct an indirect cash flow statement in Excel for year 4 (the information for year 4 can be found in the images (Exhibit 3.27) that I attached to this question).

THIS IS AN ACCOUNTING (EXCEL) PRACTICE PROBLEM! Please read the instructions carefully. Please construct an indirect cash flow statement in Excel for year 4 (the information for year 4 can be found in the images (Exhibit 3.27) that I attached to this question).

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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Provide iand Create nformation needed to create a Statement of Cash Flows using the Indirect Method. You MUST include: Net Income At least 3 items that go under operating activities. At least 2 items that go under investing activities. At least 2 items that go under financing activities. And 1 non-cash transaction.
Below you can find the problem I need you to solve. As you will notice is similar to the one I sent you before. The only difference is the in this case the WACC must be used to calculate the present value for the previously calculated cash flows. Please use Excel to make all the calculations so I can check what you did and the process. If you could finish this by the 15 it would be great because I can correct this and send the approval to the Registrar before leaving on the 16th. Feel free to contact me if you have any questions or problems when solving it. PROBLEM Your company is contemplating replacing their current fleet of delivery vehicles with Nissan NV vans. You will be replacing 5 fully depreciated vans, which you think you can sell for $4,100 each and which you could probably use for another 2 years if you chose not to replace them. The NV vans will cost $40,000 each in the configuration you want them and can be depreciated using MACRS over a 5-year life, but you are unable to…
Create a cash-flow statement. Make sure all three areas (operating, investment, and Financing activities) are included
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abels and Amount Descriptions Instructions Labels Dec. 31, Dec. 31, December 31, 20Y3 20Y3 20Y2 For the Year Ended December 31, 20Y3 Amount Descriptions Assets 3 Cash $625,680.00 $586,230.00 Cash received from sale of investments 228,100.00 208,850.00 4 Accounts receivable (net) 5 Inventories Cash paid for purchase of land Cash paid for purchase of equipment Cash received from issuing common 640,910.00 617,650.00 0.00 240,620.00 6 Investments 7 Land 328,090.00 0,00 stock 704,540.00 553,320.00 8 Equipment 9 Accumulated depreciation-equipment Cash dividends (166,310.00) (147840.00) Decrease in accounts payable Decreașe in accounts receivable Decrease in accrued expenses payable 10 Total assets $2,361,010.00 $2,058,830.00 11 Liabilities and Stockholders' Equity $425,280.00 $404,550.00 52,020.00 12 Accounts payable Decrease in inventories 41,990.00 13 Accrued expenses payable Depreciation 24,190.00 20,170.00 14 Dividends payablie Gain on sale of investments 15 Common stock, $4 par…
for Morston, Inc. have assembled the following data for the year icon to view the current accounts.) (Click the icon to view the transaction data.) ston's statement of cash flows using the indirect method. Include an accompanying schedule of non-cash investing and financing activities. .. he statement one section at a time, beginning with the cash flows from operating activities. (Use a m ox empty, do not select a label or enter a zero.) Data table Morston, Inc. Statement of Cash Flows Year Ended December 31, 2024 lows from Operating Activities: come 70,500 stments to Reconcile Net Income to Net Cash vided by (Used for) Operating Activities: Depreciation Expense Gain on Sale of Building Decrease in Accounts Receivable Increase in Merchandise Inventory Incroaco in Accounts Payabla Data table et asi Net Hel O Transaction Data for 2024: Issuance of common stock for cash Depreciation expense Purchase of equipment with cash Acquisition of land by issuing long-term notes payable Book value…
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