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blem 9.24 LO 10 Prepare a statement of cash flows-indirect method The financial statements of Pouchie Co. included the following information for the year ended
blem 9.24 LO 10 Prepare a statement of cash flows-indirect method The financial statements of Pouchie Co. included the following information for the year ended December 31, 2019 (amounts in millions): $ 130 165 Depreciation and amortization expense Cash dividends declared and paid Purchase of equipment Net income ...... Beginning cash balance Proceeds of common stock issued Proceeds from sale of building (at book value) Accounts receivable increase Ending cash balance Inventory decrease Accounts payable increase 410 192 60 74 106 8 20 19 22 Required: Complete the following statement of cash flows, using the indirect method: POUCHIE CO. Statement of Cash Flows For the Year Ended December 31, 2019 Cash Flows from Operating Activities: Net income... Add (deduct) items not affecting cash: $ 192 $ Net cash provided (used) by operating activities Cash Flows from Investing Activities: $ Net cash provided (used) by investing activities. Cash Flows from Financing Activities: $ Net cash provided (used) by financing activities. Net increase (decrease) in cash for the year. Cash balance, January 1, 2019 Cash balance, December 31, 2019 60 $ 20
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