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#2 please make answers small so i can read & you post Use the following information of VPI Co to prepare a statement of cash
#2 please make answers small so i can read & you post
Use the following information of VPI Co to prepare a statement of cash flows for the year ended December 31 using the indirect method. (Amounts to be deducted should be indicated by a minus sign.) Cash balance at prior year end Increase in inventory Depreciation expense Cash received from Issuing stock Cash paid for dividends $42,800 7,800 6,800 10,800 3.800 Gain on sale of machinery Cash received from sale of machinery Increase in accounts payable Net Income Decrease in accounts receivable $ 2,700 10,900 2,900 51,000 5,800 VPICO. Statement of Cash Flows (Indirect Method) For Current Year Ended December 31 Cash flows from operating activities Net Income Adjustments to reconcile net income to nel cash provided by operating activities Income statement items not affecting cash 5 51,000 Changes in current operating assets and liabilities $ 51,000 Cash flows from investing activities 0 Cash flows from financing activities 0 $ 51000 51000 Step by Step Solution
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