eBook Show Me How Calculator Print Item Statement of Cash Flows-Indirect Method The comparative balance sheet of Olson-Jones Industries Inc. for December 31, 2012 and 20% Dec. 31, 2012 Dec. 31, 2011 Assets Cash $136 $42 Accounts receivable (net) Inventories Say Land Equipment Accumulated depreciation equipment (17) (9) Total Assets $416 $283 $52 $42 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Dividends payable Common stock, $i par Paid-in capital: Excess of issue price over par- common stock Retained earnings 257 195 Total liabilities and stockholders' equity $416 $283 Check My Work 2 more Check My Work uses remaining, eBook Show Me How Calculator Print Item The following additional information is taken from the records: 1. Land was sold for $30. 2. Equipment was acquired for cash. 3. There were no disposals of equipment during the year. 4. The common stock was issued for cash. 5. There was a $89 credit to Retained Earnings for net income. 6. There was a $27 debit to Retained Earnings for cash dividends declared. a. Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating cash payments, decreases in cash, or any negative adjustments. Olson-Jones Industries Inc. Statement of Cash Flows For the Year Ended December 31, 20Y2 Cash flows from operating activities: Net Income Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: Net cash flow from operating activities Cash flows from (used for) investing activities: Check My Work 2 more Check My Work uses remaining a - Matic CUOIII.vn - 0944 | Print Item Show Me How Calculator eBook Net income Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: 0.00010 II U Net cash flow from operating activities Cash flows from (used for) investing activities: Net cash flow from investing activities Cash flows from (used for) financing activities: Net cash flow from financing activities Cash at the beginning of the year Cash at the end of the year Check My Work 2 more Check My Work uses remaining. Ds CUUUR Net income Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: mm mood Net cash flow from operating activities Cash flows from (used for) investing activities: Cash paid for dividends b activities Cash from sale of land financing activities: Depreciation Gain on sale of land Net cash flow from financing activities Cash at the beginning of the year Cash at the end of the year
