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explanation on how the statement of cash flow (indirect method) is completed using the income statement of 2022 and the balance sheet for 2021 and
explanation on how the statement of cash flow (indirect method) is completed using the income statement of 2022 and the balance sheet for 2021 and 2022. To help explain return on assest, gross profit, profit margin, asset and receivable turnover Statement of Cash Flows (Indirect Method) For the Year Ended December 31, 2022 Net income Adjustments to reconcile net income to net cash form operating activities: Changes in assets and liabilities: Net cash provided (used) by operating activities Investing activities: Net cash used for investing activities Financing activities: Net cash provided (used) for financing activities Net change in cash and cash equivalents Cash and cash equivalents - beginning of period Cash and cash equivalents - end of period 2 Income Statement For the Year Ended December 31, 2022 Revenues Sales Revenue, Net Less: Cost of Goods Sold Gross Profit: Operating expenses Depreciation Expenses Research and Development Expenses General and Administrations Expenses Marketing Expenses Operating Expenses Total operating expenses Income from operations Other non-operating income and expense Interest Expenses Income before income taxes Income Tax Expenses Net income Statement of Cash Flows (Indirect Method) For the Year Ended December 31, 2022 Net income Adjustments to reconcile net income to net cash form operating activities: Changes in assets and liabilities: Net cash provided (used) by operating activities Investing activities: Net cash used for investing activities Financing activities: Net cash provided (used) for financing activities Net change in cash and cash equivalents Cash and cash equivalents - beginning of period Cash and cash equivalents - end of period 2 Income Statement For the Year Ended December 31, 2022 Revenues Sales Revenue, Net Less: Cost of Goods Sold Gross Profit: Operating expenses Depreciation Expenses Research and Development Expenses General and Administrations Expenses Marketing Expenses Operating Expenses Total operating expenses Income from operations Other non-operating income and expense Interest Expenses Income before income taxes Income Tax Expenses Net income
explanation on how the statement of cash flow (indirect method) is completed using the income statement of 2022 and the balance sheet for 2021 and 2022. To help explain return on assest, gross profit, profit margin, asset and receivable turnover
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