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If possible please share equations The following changes took place at year in Pavollk Company's balance sheet accounts As and Contract Accounts Lalities and Stoholders'
If possible please share equations
The following changes took place at year in Pavollk Company's balance sheet accounts As and Contract Accounts Lalities and Stoholders' Equity Accounts $90 Accounts payable S13Acord S ites L ory Prepaid Logare ts S D Coron stock Acculated depreciation D-Decres increase Long-term investments that coat the company So were sold during the year for $24 and and that cu 23 w galeriin on the company declared and paid $7 in cash vidends during the year Besides the sale of land, no other sales or retirements oft and equipment took place during the year. Povakodnetrere any bonds during the year or very new common stock The company's income statement for the year follows: Cost of woods sold Selling and asinistrative expenses ut orating Income Nonprating Its Gain on sale of investments The company's beginning cash balance was $106 and its enging balance was $97 Required 1. Use the indirect method to determine the net cash provided by operating activities for the year. 2. Prepare a statement of cash flows for the year. Complete this question by entering your answers in the tabs below. Raud 2 Use the indirect method to determine the net cash provided by operating activities for the year. (Adjustment amounts that are to be deducted should be indicated with a minus sign) Pavolk Company Statement of Cash Flows parti The following changes took place last year in Pavolk Company's balance sheet accounts: Asset and Contrast Accounts 5 90 $ 131 Lalities and Scholastity Accounts Accounts payable cod 1Salities Bonds payable tory Prald Logar mits Porty.plant, and S I SD 5230 D-Decresse: I ncrease Long-term investments that coat the company So were sold during the year for $24 and and that cu 23 w galeriin to the company declared and paid $7 in cash didends during the year Besides the sale of land no other ser retirements of plant and equipment took place during the year. Pavokad not rere any bonds during the year or ve any new common stock The company's incometement for the years Cost of woods sold Grossargin Selling and dinistrative expo Nanporating to: L ocale of land Gain on sale of investments Nut Incom The company's beginning cash balance was $106 and its ending balance was $97. Required: 1. Use the Indirect method to determine the net cash provided by operating activities for the year. 2. Prepare a statement of cash flows for the year. Complete this question by entering your answers in the tabs below. 2 Prepare a statement of cash flows for the year. (List any deduction in cash and cash outflows as negative amounts.) Pavalk Company Statement of Cash Flows Operating activities Beginning a nd Ending cash and ch o sStep by Step Solution
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