Financial Accounting: An Introduction to Concepts, Methods and Uses, 14th Edition (Roman L. Weil; Katherine Schipper; Jennifer Francis)

Chapter 6 - Exercise 6-26

Preparing a Statement of Cash Flows from Changes in Balance Sheet Accounts

The comparative balance sheets of Incloud Airlines show the following information for a recent year (amounts in thousands of US$): (see attached)

Preparing a Statement of Cash Flows from Changes in Balance Sheet Accounts The comparative balance sheets of Incloud Airlines show the following information for a recent year (amounts in thousands of US$): Prepare a statement of cash flows for Incloud Airlines for the year. Treat changes in non-operating assets as investing transactions and changes in non-operating liabilities as financing transactions. Use the minus sign to indicate cash outflows or any decrease in cash. Only use these boxes: Incloud Airlines Statement of Cash Flows For the Year (Amounts in Thousands of US$) Operations: Net Income Additions: $ 474378 Subtractions: Cash Flow from Operations $ Investing: $ Cash Flow from Investing $ Financing: $ Cash Flow from Financing Net Change in Cash $ $ Cash, Beginning of Year Cash, End of Year $