Answered step by step
Verified Expert Solution
Question
1 Approved Answer
how to prepare cash flow using the direct method Statement of Cash Flows The comparnive balaere sheet of Kit Kat Company for Decenher 31.2019 and
how to prepare cash flow using the direct method
Statement of Cash Flows The comparnive balaere sheet of Kit Kat Company for Decenher 31.2019 and 2018 is as The inceme statrment for Kit Kar Conpany follows As examination of the accounving rocends noveled the foilowine astifical information ieplicalle to 2019: sourd A Nomal has seacies Heading 1 Head Arapent 6 a Stafemeat ar Canh Floms-Indirest Medhed For the your endod December 31, 2019 Caniffows from operotege activities: Net incame aperniting actrities: \begin{tabular}{|c|c|c|} \hline Depreciating of lives assects & 523,500 & \\ \hline Puteat Amoruzation & $7,000 & \\ \hline Guin en sale & (511,0003 & \\ \hline \\ \hline Decreased in Accounts Recerivable & 57,000 & \\ \hline Incressed in Imventoris & (5),301. & \\ \hline Increased in perpeided expenes: & (5950) & \\ \hline Decreased Accesents Pryble & & \\ \hline lacreased in Acrued Payable & ($1300) & \\ \hline Decreased in Income Trues Pigable & (80) & \\ \hline Nes Cash flow frutu uperatiog activicies & & 5115,120 \\ \hline \\ \hline Cant frum tale of land. & sisson & \\ \hline Cas used for coetrictinn of balding & \$nis(no) & \\ \hline Casb frome sale investment & 560000 & \\ \hline Net cath flew used for inverting activities & & (540,000) \\ \hline \\ \hline Cash from nesing moriger note payal le: & 140000 & \\ \hline Call uied for dimideodi & & \\ \hline Nercalt fluw uned for fosarios activitier: & & (5)o6ne) \\ \hline focrtand in cen & & \\ \hline & & sin50 \\ \hline & & x+40,30 \\ \hline \end{tabular} timintine Then gisian A. Nornal Non Spusine Heading 1 Hesidiriz 8 known 8 mate Buicnesed ef Cenh Flows - Dirret Mlethed Creb fors fow espratiog armines Net cauh fluw frum eperaliag acthilies: Net conk naw used fer invsseing activilies Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started