Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

COST OF GOODS SOLD DECREASE IN CURRENT LIABILITIES DEPRECIATION EPENSES INCREASE IN CURRENT ASSETS NET INCOME OTHER OPERATING EPENSES PAYMENT OF DIVIDENDS PAYMENT OF NOTE

image text in transcribed

image text in transcribed

COST OF GOODS SOLD

DECREASE IN CURRENT LIABILITIES

DEPRECIATION EPENSES

INCREASE IN CURRENT ASSETS

NET INCOME

OTHER OPERATING EPENSES

PAYMENT OF DIVIDENDS

PAYMENT OF NOTE PAYABLE

PROCEEDS OF INSURANCE OF STOCK

PROCEEDS FROM SALE OF LAND

PROCEEDS FROM SALE OF EQUIPMENT

PURCHASE OF TREASURY STOCK

SALES REVENUE

Cost of goods sold Other operating . $52,000 Proceeds from issuance 74,000 Depreciation Purchase of treasury Purchase of equipment Proceeds from sale of Increase in current Payment of long-term Decrease in current liabilities . _ . . . . . . . . .. . $10,000 other than cash .. . .. .$9,000 Edgardo Corporation has the following activities for the past year: EEB (Click the icon to view the data.) Prepare the statement of cash flows for Edgardo Corporation for the year. Edgardo Corporation uses the indirect method for operating activities. Prepare the statement one section at a time. (Use a minus sign or parentheses for numbers that should be subtracted.) Edgardo Corporation Statement of Cash Flows (Indirect Method) For the Year Ended December 31 Operating Activities Adjustments to reconcile net income to cash basis Net cash provided by (used for) operating activities Investing Activities: Net cash provided by (used for) investing activities Financing Activities Net cash provided by (used for) financing activities Net increase (decrease) in cash Choose from any list or enter any number in the input fields and then continue to the next

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

Cost Accounting An Introduction To Cost Management Systems

Authors: Philip Jagolinzer

1st Edition

0324015828, 978-0324015829

More Books

Students also viewed these Accounting questions

Question

3. Show your interest in your students as individuals.

Answered: 1 week ago