Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hello! please help me , I need to fill out this statement of cash flows in this xcel format template. Please help me fill out

Hello! please help me, I need to fill out this statement of cash flows in this xcel format template. Please help me fill out the template correctly.
The following changes took place last year in Pavolik Company's balance sheet accounts:
Long-term investments that cost the company $6 were sold during the year for $16 and land that cost $15 was
sold for $9. In addition, the company declared and paid $30 in cash dividends during the year. Besides the
sale of land, no other sales or retirements of plant and equipment took place during the year. Pavolik did not
retire any bonds during the year or issue any new common stock.
The company's income statement for the year follows:
The company's beginning cash balance was $90 and its ending balance was $85.
Required:
Use the indirect method to determine the net cash provided by operating activities for the year.
Prepare a statement of cash flows for the year.
Exercise 15-4
Pavolik Company
Statement of Cash Flows
For the Year Ended December 31,2023
Net Cash from Operating Activities:
Step 0
Net Income
Step 1
+Depreciation Expense
Step 2 Current Adjustments
Step 3+Losses/-Gains
Net Cash Provided by Operating Activities
Net Cash Used by Investing Activites:
Net Cash Used by Investing Activities
Net Cash Provided by Financing Activities:
Net Cash Provided by Financing Activities
Net Change in Cash
Beginning Cash
Ending Cash
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting For Investments Equities Futures And Options Volume 1

Authors: R. Venkata Subramani

1st Edition

047082431X, 978-0470824313

More Books

Students also viewed these Accounting questions