Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Adssonal dota botainod from the income stotemant and from an examinaton of the accounta in the leduer for zore are as fotews: 2. Net ineane,

image text in transcribed
image text in transcribed
Adssonal dota botainod from the income stotemant and from an examinaton of the accounta in the leduer for zore are as fotews: 2. Net ineane, 3154,110 b. Depreciation reported on the income teatement, $14,490. c. Cquipment was purchated at a cost of 171,360, and Nuly depreciated equipmant conting 119,540 was bicarted, wath no alvage realiced, d. The mortgege note pavabio was not doe for aix yeers, but be terms permitad earler phment withwt peneth. 6. 6,600 stares of commen stegk nere ilsued at sib tor cath. C cash dividends declared and paid, 393,910 . Mequiredi negative acfuatinenta. Orange Angel Enterprises Inc. Statement of Cash Flows For the Year Ended December 31, 20Y8 Cash flows from (used for) operating activities: Adjustments to reconcile net income to net cash flows from (used for) operating activities: Changes in current operating assets and liabilities: Net cash flows from operating activities Cash flows from (used for) investing activities: Net cash flows used for investing activities Cash flows from (used for) financing activities: Net cash flows from financing activities Cash balance, January 1,20Y8 Cash balance, December 31, 20 Y

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_2

Step: 3

blur-text-image_3

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

Advanced Financial Accounting Lawrence S C Good Condition ISBN 08512

Authors: S.C. Lawrence

1st Edition

9780851215099

More Books

Students also viewed these Accounting questions