Question
Based on the given information from PA12-4 (pp.603-604) in your textbook, complete the following Statement of Cash Flows using the Indirect Method Notes: -place negative
Based on the given information from PA12-4 (pp.603-604) in your textbook, complete the following Statement of Cash Flows using the Indirect Method Notes: -place negative amounts or balances in parentheses/brackets. Example: (100) -when entering the amounts or balances, omit or do not include the dollar sign and penny value or decimal point -use comma to separate numbers/amounts/balances greater than 999. Example: 1,850 Heads Up Company Statement of Cash Flows For the Year Ended, December 31 Cash Flows from Operating Activities: Net Income Answer Adjustments to reconcile net income to net cash provided by operating activities: Depreciation Expense Answer Changes in current assets and current liabilities: Accounts Receivable Answer Accounts Payable Answer Salaries and Wages Payable Answer Net cash provided by operating activities Answer Cash Flows from Investing Activities: Purchase of New Hockey Equipment Answer Net cash used in investing activities Answer Cash Flows from Financing Activities: Borrowed Cash from the bank Answer Net cash provided by financing activities Answer Net Increase in Cash and Cash Equivalents Answer Cash, beginning of year Answer Cash, end of year Answer
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