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I will leave a like. Need this done asap! Thanks in advance! help me please!!! Required: (1) Prepare a statement of cash flows using the
I will leave a like. Need this done asap! Thanks in advance! help me please!!!
Required:
(1) Prepare a statement of cash flows using the indirect method for the year ended June 30, 2021. (Amounts to be deducted should be indicated with a minus sign.)
(2) Compute the companys cash flow on total assets ratio for its fiscal year 2021.
a. A $30,000 notes payable is retired at its $30,000 carrying (book) value in b. The only changes affecting retained earning Additional Information a. A $30,000 notes payable is retired at its $30,000 carrying (book) value in exchange for cash. b. The only changes affecting retained earnings are net income and cash dividends paid. c. New equipment is acquired for $75,600 cash. d. Received cash for the sale of equipment that had cost $66,600, yielding a $3,800 gain. e. Prepaid Expenses and Wages Payable relate to Operating Expenses on the income statement. f. All purchases and sales of inventory are on credit. Required information IKBAN, INCORPORATED Statement of Cash Flows (indirect Methed) For Year Ended June 30, 2021 Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Changes in current operating assets and liabilities Cash flows from investing activities Cash flows from financing activities Not inrrasco (Heresesed) in rach Net increase (decrease) in cash Cash balance at prior year-end Cash balance at current year-end Cash Flow on Total Assets Ratio \begin{tabular}{|l|l|l|l|l|} \hline Choose Numerator: & 1 & Choose Denominator: & = & Cash Flow on Total Assets Ratio \\ \hline & 1 & & = & Cash flow on total assets ratio \\ \hline & 1 & & = & 0 \\ \hline \end{tabular}Step by Step Solution
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