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hi I need help with this problem! thanks in advance Exam 3 Chapters 11 & 12 (104 points) 3 11619 Provided below, in random order,
hi I need help with this problem! thanks in advance
Exam 3 Chapters 11 & 12 (104 points) 3 11619 Provided below, in random order, are line items to be included in A Company's statement of cash flows. Using the basic format provided, complete the statement of cash flows. When completed correctly, there will be one blanke row at the bottom of each section (Amounts to be subtracted and negative values should be indicated by minus sign.) Purchase of equipment with cash $ 220,000 Increase in inventory 30,000 Increase in prepaid rent 10,000 Payment of cash dividends 40,000 Depreciation expense 20.000 Increase in accounts receivable 60,000 Increase in accounts payable 10,000 Loss on sale of land 7,000 Net income 70,000 Repayment of notes payable 50,000 Cash received from the sale of land 3,000 250.000 Issuance of common stock for cash che A COMPANY Statement of Cash Flows For the year ended December 31 om Operating Activities 10.00 meducation.com/ext/map/index.html?_con-condexternal_browser-Staunchurat Outlook Connect CTC Supply And Dem. CMP Carvas TY Seved apters 11 & 12) (104 points) Statement of Cash Flows For the year ended December 31 Cash Flows from Operating Activities Net income $ Adjustments for noncash effects 70,000 Changes in current assets and current liabilities: $ 70,000 Net cash flows from operating activities Cash Flows from Investing Activities 0 Net cash flows from investing activities Cash Flows from Financing Activities Not cash flows from financing activities Net increase (decrease in cash Cash at the beginning of the period Cash at the end of the period 0 (50.000) 95.000 45,000 $ Step by Step Solution
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