Data table September 30, 2018 2017 Current assets: Cash and cash equivalents $ 14,800 $ 17,200 14,300 21,900 63,400 60,900 Accounts receivable Inventories Prepaid expenses Current liabilities: 3,100 6,000 Accounts payable $ 57,700 $ 67,400 55,300 47,400 Accrued liabilities Income tax payable 3,500 10,500 More info $ 13,600 15,800 Acquisition of land by issuing note payable Amortization expense Payment of cash dividend Cash purchase of equipment Issuance of long-term note 67,000 Proceeds from sale of long- $ 107,000 term investment 4,000 Depreciation expense 32,000 Cash purchase of building Net income 78,200 Issuance of common stock for cash 44,000 Stock dividend 56,000 18,000 16,000 payable to borrow cash > Requirements 1. Prepare Moynihan Movie Theater Company's statement of cash flows for the year ended September 30, 2018, using the indirect method to report cash flows from operating activities. Report noncash investing and financing activities in an accompanying schedule. 2. Evaluate Moynihan's cash flows for the year. Mention all three categories of cash flows, and give the rationale for your evaluation. The comparative balance sheets of Moynihan Movie Theater Company at September 30, 2018 and 2017, reported the following Click the icon to view the balance sheets.) Moynihan's transactions during the year ended September 30, 2018, included: (Click the icon to view the transaction data) Read the Fruirements Requirement 1. Prepare Moynihan Movie Theater Company's statement of cash flows for the year ended September 30, 2018, using the Indirect method to report cash flows from operating activities. Report noncash investing and financing activities in an accompanying schedule. Start by completing the cash flows from operating activities. Then complete the remaining statement of cash flows and the accompanying schedule of noncash investing and financing activities. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash) Moynihan Movie Theater Company Statement of Cash Flows (Indirect Method) Year Ended September 30, 2018 Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by used for) operating activities: Net cash provided by used for) operating activities Cash flows from investing activities Not cash provided by used for investing activities Cash flows from financing activities Not cash provided by used for) operating activities Cash flows from investing activities: Net cash provided by used for) investing activities Cash flows from financing activities: Net cash provided by used for) financing activities Net increase (decrease in cash Noncash investing and financing activities: Requirement 2. Evaluate Moynihar's cash flows for the year Mentional three categories of cash flows, and give the rationale for your evaluation Moynihan Movie Theater Company's cash flows look are the main source of cash Moynihan Movie Theater generated cash flow from investing activities largely due to the of equipment and a building. It generally bodes when a company invests in new capital assets Moynihan Movie Theater generated a cash flow from financing activities. These financing activities indicate that the Moynihan Movie Theater credit-worthy to be able to issue long-term notes. We also see that the company has funds to pay cash dividends for the future
