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Eduardo Corporation accountants have assembled the following data for the year ended June 30, 2018: E (Click the icon to view the data.) Prepare Eduardo
Eduardo Corporation accountants have assembled the following data for the year ended June 30, 2018: E (Click the icon to view the data.) Prepare Eduardo Corporation's statement of cash flows for the year ended June 30, 2018. The company uses the indirect method for operating activities. Begin by completing the cash flows from operating activities. Then complete the remaining sections of the cash flow statement. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash.) X Data Table Eduardo Corporation Statement of Cash Flows (Indirect Method) Year Ended June 30, 2018 Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash provided by used for) operating activities: Depreciation Decrease in current assets other than cash $ 116,000 38.000 Net income Payment of dividends Proceeds from the issuance of common stock 41.000 $ ? Cost of goods sold 5,700 Other operating expenses Purchase of equipment 26,000 with cash.... 230,000 Decrease in current liabilities Payment of note payable 30,000 Proceeds from sale of land 6,000 Depreciation expense ....... Sales revenue. Decrease in current liabilities Net cash provided by (used for) operating activities 12,000 28,000 Decrease in current assets other than cash 26,000 Purchase of treasury stock 10,000 Print Done Choose from any list or enter any number in the input fields and then click Check Answer. parts remaining Clear All Check
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