k-Kathi Wagner-Google Chrome Secure | https://www ma ACC 215S Intermediate Accounting Fal 17 Homework: Chapter 22 Homework score: 0 of 10 pts E22-3 (book/static) 2 ol 2 (1 complete) Score: 125% 25of20pts Acerler Fotures, inc reported the tollowing comparative balance sheets and income stabement for the curment year En (Cick the icon vwwbalance sheets ) mock te con to vow the ncome statement Acerier Futures purchased new equipment for $258 and sold equipment with a net book value of 545 Both events were Comparative Balance Sheets Requirements a. Prepare the operating activities section of the statement of cash fows using e indired method b. Prepare the operaing activiies section of the statement of cash ows using the diredt method Acerler Fixtures, Inc Partial Statement of Cash Flows (Indirect Method) For the Year Ended December 31 155 Accounts Receivable net Current Year Operating Activities: Net Iincome Adjustments to Reconcile Net income to Net Cash Provided by Operating Activities: Prpaid Insurance 503 1514 1392 Total Cument Assets otal Assets Accounts Payable income Tax Payable Long term Deet 543 S500 044 100 1500 1311 523 400 1500 530 008 1.941 Gan on Sale of Equipment Changes in Operating Working Capital Accounts: otal Liabates Capital Stock Retained Eaenings Total Shaneholders Equity Total Liablibes and Equty heck Arears Choose from any list or enter any number in the input fields and then click Check Answer Cleat 112 pouse 10 19 f8 f6 17 f5 13 f4 /2 k-Kathi Wagner-Google Chrome Secure | https://www ma ACC 215S Intermediate Accounting Fal 17 Homework: Chapter 22 Homework score: 0 of 10 pts E22-3 (book/static) 2 ol 2 (1 complete) Score: 125% 25of20pts Acerler Fotures, inc reported the tollowing comparative balance sheets and income stabement for the curment year En (Cick the icon vwwbalance sheets ) mock te con to vow the ncome statement Acerier Futures purchased new equipment for $258 and sold equipment with a net book value of 545 Both events were Comparative Balance Sheets Requirements a. Prepare the operating activities section of the statement of cash fows using e indired method b. Prepare the operaing activiies section of the statement of cash ows using the diredt method Acerler Fixtures, Inc Partial Statement of Cash Flows (Indirect Method) For the Year Ended December 31 155 Accounts Receivable net Current Year Operating Activities: Net Iincome Adjustments to Reconcile Net income to Net Cash Provided by Operating Activities: Prpaid Insurance 503 1514 1392 Total Cument Assets otal Assets Accounts Payable income Tax Payable Long term Deet 543 S500 044 100 1500 1311 523 400 1500 530 008 1.941 Gan on Sale of Equipment Changes in Operating Working Capital Accounts: otal Liabates Capital Stock Retained Eaenings Total Shaneholders Equity Total Liablibes and Equty heck Arears Choose from any list or enter any number in the input fields and then click Check Answer Cleat 112 pouse 10 19 f8 f6 17 f5 13 f4 /2
