TOllowing statement lows template is being ized by Alliance lechnologie All amounts are in thousands (000s). ALLIANCE TECHNOLOGIES Statement of Cash Flows For the year ended December 31, 2021 Cash Flows from Operating Activities Net income Adjustments to reconcile net income to net cash flows from operating activities: Net cash flows from operating activities Cash Flows from Investing Activities Net cash flows from investing activities Cash Flows from Financing Activities Net cash flows from financing activities Net increase (decrease) in cash Cash at the beginning of the period Cash at the end of the period $1,965 7,985 $9,950 The following items are to be included in the statement of cash flows. $ 8,5e0 12,780 5,390 Cash received from the sale of land Issuance of common stock Depreciation expense Increase in accounts rereivahle 3.948

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

thank you!

The following statement of cash flows template is being utilized by Alliance Technologies. All amounts are in thousands (000s).
ALLIANCE TECHNOLOGIES
Statement of Cash Flows
For the year ended December 31, 2021
Cash Flows from Operating Activities
Net income
Adjustments to reconcile net income to net cash flows from operating
activities:
Net cash flows from operating activities
Cash Flows from Investing Activities
Net cash flows from investing activities
Cash Flows from Financing Activities
Net cash flows from financing activities
Net increase (decrease) in cash
Cash at the beginning of the period
$1,965
7,985
$ 9,950
Cash at the end of the period
The following items are to be included in the statement of cash flows.
$ 8,500
12,700
5,390
3,940
1,685
16,120
39,490
1,400
830
6,220
10,900
2,540
Cash received from the sale of land
Issuance of common stock
Depreciation expense
Increase in accounts receivable
Decrease in accounts payable
Issuance of long-term notes payable
Purchase of equipment
Decrease in inventory
Decrease in prepaid rent
Payment of dividends
Net income
Purchase of treasury stock
Requlred:
Using the indirect method, prepare the statement of cash flows for Alliance Technologies. (LIst cash outflows and any decrease In
cash as negative amounts. Enter your answers In thousands (1.e., 10,000,000 should be entered as 10,000).)
Transcribed Image Text:The following statement of cash flows template is being utilized by Alliance Technologies. All amounts are in thousands (000s). ALLIANCE TECHNOLOGIES Statement of Cash Flows For the year ended December 31, 2021 Cash Flows from Operating Activities Net income Adjustments to reconcile net income to net cash flows from operating activities: Net cash flows from operating activities Cash Flows from Investing Activities Net cash flows from investing activities Cash Flows from Financing Activities Net cash flows from financing activities Net increase (decrease) in cash Cash at the beginning of the period $1,965 7,985 $ 9,950 Cash at the end of the period The following items are to be included in the statement of cash flows. $ 8,500 12,700 5,390 3,940 1,685 16,120 39,490 1,400 830 6,220 10,900 2,540 Cash received from the sale of land Issuance of common stock Depreciation expense Increase in accounts receivable Decrease in accounts payable Issuance of long-term notes payable Purchase of equipment Decrease in inventory Decrease in prepaid rent Payment of dividends Net income Purchase of treasury stock Requlred: Using the indirect method, prepare the statement of cash flows for Alliance Technologies. (LIst cash outflows and any decrease In cash as negative amounts. Enter your answers In thousands (1.e., 10,000,000 should be entered as 10,000).)
cash as negative amounts. Enter your answers In thousands (1.e., 10,000,000 should be entered as 10,000).)
ALLIANCE TECHNOLOGIES
Statement of Cash Flows
For the Year Ended December 31, 2021
Cash Flows from Operating Activities
Adjustments to reconcile net income to net cash flovs from operating activities
Net cash flows from operating activities
Cash Flows from Investing Activities
Net cash flows from investing activities
Cash Flows from Financing Activities
Net cash flows from financing activities
Cash at the beginning of the period
Cash at the end of the period
Transcribed Image Text:cash as negative amounts. Enter your answers In thousands (1.e., 10,000,000 should be entered as 10,000).) ALLIANCE TECHNOLOGIES Statement of Cash Flows For the Year Ended December 31, 2021 Cash Flows from Operating Activities Adjustments to reconcile net income to net cash flovs from operating activities Net cash flows from operating activities Cash Flows from Investing Activities Net cash flows from investing activities Cash Flows from Financing Activities Net cash flows from financing activities Cash at the beginning of the period Cash at the end of the period
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Financial Planning
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education