The financial statements of Pouchie Co. included the following information for the year ended December 31, 2019

Question:

The financial statements of Pouchie Co. included the following information for the year ended December 31, 2019 (amounts in millions):

Depreciation and amortization expense . . . . . . . . . . . . . . . . . . . . . ? ? $ 130Cash dividends declared and paid . . . . . . . . . . . . . . . . . . . . . . . . . . . ? ? 165Purchase of equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ? ? 410Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ? ? 192Beginning cash balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..... . ? ? 60Proceeds of common stock issued . . . . . . . . . . . . . . . . . . . . . . . .... . . ? ? 74Proceeds from sale of building (at book value) . . . . . . . . . . . . . .. . . ? ? 106Accounts receivable increase . . . . . . . . . . . . . . . . . . . . . . . . . . . ....... . . ? ? 8Ending cash balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .... . . ? ? 20Inventory decrease . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . ? ? 19Accounts payable increase . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .... . . ? ? 22

Required:Complete the following statement of cash flows, using the indirect method:

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...

Fantastic news! We've Found the answer you've been seeking!