Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2 Joints Seth Erkenbeck, a recent college graduate, has just completed the basic format to be used in preparing the statement of cash flows (indirect

image text in transcribed
image text in transcribed
2 Joints Seth Erkenbeck, a recent college graduate, has just completed the basic format to be used in preparing the statement of cash flows (indirect method) for ATM Software Developers. All amounts are in thousands (000s). AIM SOPEWARE DEVELOPERS Statement of Cash Plows 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 fron operating activities Cash Flows from Investing Activities Set cash flows from Investing activities Cash Flows from Financing Activities Met cash flows from Financing activities Net netease (decrease in cas 5.3.645 Cash at the beginning of the period 6275 Cand at the end of the period $10,020 BO Listed below in rondom order are line items to be included in the statement of cash flows. 4.000 Cash received from the sole of land Tasuance of con stock Depreciation expense Increase in accounts receivable Decrease in accounts payable Lesuance of long-term not payable Purchase of winent Deeresse in inventory Deere in prepaid rent Zaynant of dividende Set Le Purchase of treasury stock $8.640 0,050 5,460 1.755 16.470 39.840 1,470 900 6.30 12,100 2,610 HW CH. 11 End of Chap Saved 2 Required: Prepare the statement of cash flows for ATM Software Developers using the indirect method. (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).) 2 points ATM SOFTWARE DEVELOPERS Statement of Cash Flows For the Year Ended December 31, 2021 BOOK Cash Flows from Operating Activities Print Astments to reconcile net income to nel cash flows from operating activities References Net cash flows from operating activities Cash Flows from Investing Activities Net cash flows from investing activities Cash Flows from Financing Acties Net cash flows from financing activities Cash beginning of the period Cash at the end of the period

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting An Introduction

Authors: Eddie McLaney, Peter Atrill

3rd Edition

0273688227, 978-0273688228

More Books

Students also viewed these Accounting questions

Question

What is the purpose of the staffing practice called Two-in-aBox?

Answered: 1 week ago

Question

What would you do?

Answered: 1 week ago