26,280.00 29,340.00 6 Instructions Statement of Cash Flows Loss on sale of land Depreciation Changes in current operating assets and liabilities: Loss on sale of land Increase in accounts receivable Increase in inventories Decrease in prepaid expenses Net cash flow used for operating activities 7 12,600.00 (66,960.00) 8 9 (105,480.00) 5,760.00 10 $(169,600.00) 12 14 $151,200.00 13 Cash flows from investing activities: Cash received from land sold Loss on sale of land Cash paid for purchase of equipment Net cash flow from investing activities 15 (561,600.00) (104,400.00) 16 17 (514,800.00) 11 19 Cash flows from financing activities: 20 Cash received from issuance of bonds payable Cash received from issuance of common stock $270,000.00 21 416,000.00 22 (32,400.00) 23 637,600.00 Check My Work 3 more Check My Work uses remaining All work saved Statement of cash flows-indirect method Instructions Labels and Amount Descriptions Statement of Cash Flows Instructions The noncurrent asset, noncurrent liability, and stockholders' equity accounts for 20Y2 are as follows: ACCOUNT Land ACCOUNT NO Balance Date Item Debit Credit Debit Credit 20Y2 Jan. 1 Balance 479.700 Apr. 20 Realized $151.200 cash from sale 163,800 315.900 ACCOUNT Buildings ACCOUNT NO Balance Date Item Debit Credit Debit Credit 2012 Jan. 1 Balance 900.900 Apr. 20 Acquired for cash 561,600 1.462.500 ACCOUNT Accumulated Depreciation-Buildings ACCOUNT NO Balance Debit Credit Debit Dale Hem Credit 2012 Jan 1 Balance Check My Work 3 more Check My Wones renang Instructions Labels and Amount Descriptions Statement of Cash Flows Instructions ACCOUNT Accumulatea Depreciation Buildings ACCOUNT NO Balance Date Item Debit Credit Debit Credit 20Y2 Jan. 1 Balance 382,320 Dec 31 Depreciation for year 26,280 408,600 ACCOUNT Equipment ACCOUNT NO Balance Date Item Debit Credit Debit Credit 20Y2 Jan. 1 Balance 454,680 26 Discarded, no salvage 46.800 407,880 Aug 11 Purchased for cash 104,400 512.280 ACCOUNT Accumulated Depreciation --Equipment ACCOUNT NO Balance Date Item Debit Credit Debit Credit 2012 Jan 1 Balance 158.760 Check My Work 3 more Check My Work uses remaining eBook Calculator Print Item Statement of cash flows-indirect method Instructions Labels and Amount Descriptions Statement of Cash Flows Instructions ACCOUNT Common Stock $25 par ACCOUNT NO Balance Date Item Debit Credit Debit Credit 20Y2 Jan. 1 Balance 117,000 Dec 7 Issued 8,000 shares of common stock for $50 per share 200,000 317.000 ACCOUNT Paldin Capital in Excess of Par-Common Stock ACCOUNT NO Date Balance Debit Item Debit Credit Credit 20Y2 Jan 1 Balance 558,000 Dec 7 Issued 8.000 shares of common stock for $50 per share 200,000 758,000 ACCOUNT Retained Earnings h ACCOUNT NO Balance Date Item Debit Credit Debit Credit 2012 Jan 1 Balance 2.585.700 Dec 31 Net loss 35,320 2.550,380 Check My Work 3 more Check My Work uses remaining 200,000 758,000 Dec. 7 Issued 8,000 shares of common stock for $50 per share ACCOUNT Retained Earnings ACCOUNT NO Balance Date Item Debit Credit Debit Credit 20Y2 Jan. 1 Balance 2,585,700 Dec. 31 Net loss 35,320 2,550,380 w 31 Cash dividends 32,400 2,517,980 Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. Be sure to complete the heading of the statement. Use the minus sign to indicate net loss, cash outflows, cash payments, decreases in cash, or any negative adjustments Check My Work 3 more Check My Work uses remaining All work saved. to search Q E 99+ Instructions Labels and Amount Descriptions Labels and Amount Descriptions Cash paid for acquisition of building Cash paid for dividends Cash paid for merchandise Cash paid for purchase of equipment Cash received from customers Cash received from issuance of bonds payable Cash received from issuance of common stock Cash received from land sold Change in cash December 31, 2042 Decrease in accounts payable Decrease in accounts receivable Decrease in inventories Decrease in prepaid expenses Decrease in salaries payable Depreciation For the Year Ended December 31, 20Y2 Gain on sale of investments Gain on sale of land Increase in accounts payable I Check My Work Instructions Labels and Amount Descriptions Statement of Ca structions Labels and Amount Descriptions Gain on sale of investments Gain on sale of land Increase in accounts payable Increase in accounts receivable Increase in inventories Increase in prepaid expenses Increase in salaries payable Issuance of common stock for acquisition of building Issuance of common stock for purchase of equipment Issuance of common stock to retire bonds Loss on sale of investments Loss on sale of land Net cash flow from financing activities Net cash flow from investing activities Net cash flow from operating activities Net cash flow used for financing activities Net cash flow used for investing activities Net cash flow used for operating activities Net income Net loss Check My Work 3 more Check My Wor 26,280.00 29,340.00 6 Instructions Statement of Cash Flows Loss on sale of land Depreciation Changes in current operating assets and liabilities: Loss on sale of land Increase in accounts receivable Increase in inventories Decrease in prepaid expenses Net cash flow used for operating activities 7 12,600.00 (66,960.00) 8 9 (105,480.00) 5,760.00 10 $(169,600.00) 12 14 $151,200.00 13 Cash flows from investing activities: Cash received from land sold Loss on sale of land Cash paid for purchase of equipment Net cash flow from investing activities 15 (561,600.00) (104,400.00) 16 17 (514,800.00) 11 19 Cash flows from financing activities: 20 Cash received from issuance of bonds payable Cash received from issuance of common stock $270,000.00 21 416,000.00 22 (32,400.00) 23 637,600.00 Check My Work 3 more Check My Work uses remaining All work saved Statement of cash flows-indirect method Instructions Labels and Amount Descriptions Statement of Cash Flows Instructions The noncurrent asset, noncurrent liability, and stockholders' equity accounts for 20Y2 are as follows: ACCOUNT Land ACCOUNT NO Balance Date Item Debit Credit Debit Credit 20Y2 Jan. 1 Balance 479.700 Apr. 20 Realized $151.200 cash from sale 163,800 315.900 ACCOUNT Buildings ACCOUNT NO Balance Date Item Debit Credit Debit Credit 2012 Jan. 1 Balance 900.900 Apr. 20 Acquired for cash 561,600 1.462.500 ACCOUNT Accumulated Depreciation-Buildings ACCOUNT NO Balance Debit Credit Debit Dale Hem Credit 2012 Jan 1 Balance Check My Work 3 more Check My Wones renang Instructions Labels and Amount Descriptions Statement of Cash Flows Instructions ACCOUNT Accumulatea Depreciation Buildings ACCOUNT NO Balance Date Item Debit Credit Debit Credit 20Y2 Jan. 1 Balance 382,320 Dec 31 Depreciation for year 26,280 408,600 ACCOUNT Equipment ACCOUNT NO Balance Date Item Debit Credit Debit Credit 20Y2 Jan. 1 Balance 454,680 26 Discarded, no salvage 46.800 407,880 Aug 11 Purchased for cash 104,400 512.280 ACCOUNT Accumulated Depreciation --Equipment ACCOUNT NO Balance Date Item Debit Credit Debit Credit 2012 Jan 1 Balance 158.760 Check My Work 3 more Check My Work uses remaining eBook Calculator Print Item Statement of cash flows-indirect method Instructions Labels and Amount Descriptions Statement of Cash Flows Instructions ACCOUNT Common Stock $25 par ACCOUNT NO Balance Date Item Debit Credit Debit Credit 20Y2 Jan. 1 Balance 117,000 Dec 7 Issued 8,000 shares of common stock for $50 per share 200,000 317.000 ACCOUNT Paldin Capital in Excess of Par-Common Stock ACCOUNT NO Date Balance Debit Item Debit Credit Credit 20Y2 Jan 1 Balance 558,000 Dec 7 Issued 8.000 shares of common stock for $50 per share 200,000 758,000 ACCOUNT Retained Earnings h ACCOUNT NO Balance Date Item Debit Credit Debit Credit 2012 Jan 1 Balance 2.585.700 Dec 31 Net loss 35,320 2.550,380 Check My Work 3 more Check My Work uses remaining 200,000 758,000 Dec. 7 Issued 8,000 shares of common stock for $50 per share ACCOUNT Retained Earnings ACCOUNT NO Balance Date Item Debit Credit Debit Credit 20Y2 Jan. 1 Balance 2,585,700 Dec. 31 Net loss 35,320 2,550,380 w 31 Cash dividends 32,400 2,517,980 Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. Be sure to complete the heading of the statement. Use the minus sign to indicate net loss, cash outflows, cash payments, decreases in cash, or any negative adjustments Check My Work 3 more Check My Work uses remaining All work saved. to search Q E 99+ Instructions Labels and Amount Descriptions Labels and Amount Descriptions Cash paid for acquisition of building Cash paid for dividends Cash paid for merchandise Cash paid for purchase of equipment Cash received from customers Cash received from issuance of bonds payable Cash received from issuance of common stock Cash received from land sold Change in cash December 31, 2042 Decrease in accounts payable Decrease in accounts receivable Decrease in inventories Decrease in prepaid expenses Decrease in salaries payable Depreciation For the Year Ended December 31, 20Y2 Gain on sale of investments Gain on sale of land Increase in accounts payable I Check My Work Instructions Labels and Amount Descriptions Statement of Ca structions Labels and Amount Descriptions Gain on sale of investments Gain on sale of land Increase in accounts payable Increase in accounts receivable Increase in inventories Increase in prepaid expenses Increase in salaries payable Issuance of common stock for acquisition of building Issuance of common stock for purchase of equipment Issuance of common stock to retire bonds Loss on sale of investments Loss on sale of land Net cash flow from financing activities Net cash flow from investing activities Net cash flow from operating activities Net cash flow used for financing activities Net cash flow used for investing activities Net cash flow used for operating activities Net income Net loss Check My Work 3 more Check My Wor