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Statement of cash flows-indirect method Instructions Labels and Amount Descriptions Statement of Cash Flows Instructions The comparative balance sheet of Livers Inc for December 31, 2013 and 2072. is shown as follows: Dec. 31,2043 Dec. 31,2012 2 Assets 3 Cash $155,000.00 $150,000.00 Accounts recevable (net) 450,000.00 400,000.00 5 Inventones 770,000.00 750,000.00 Investments 0.00 100,000.00 7 Land 500,000.00 0.00 AARAaaaed Statement of cash flows-indirect method Instructions Labels and Amount Descriptions Statement of Cash Flows Instructions 1.400,000.00 1,200.000,00 Equipment Accumulated depredation equipment (600.000.00) (500,000.00) 10 Total assets $2,675.000.00 $2,100,000.00 11 Liabilities and Stockholders' Equity $340,000.00 $300,000.00 45,000.00 50,000.00 30,000.00 25,000.00 12 Accounts payable (merchandise creditors) 13 Accrued expenses payable (operating expenses) 14 Dividends payable 15 Common stock, 54 par 16 Paid in capital in excess of par-common stock 17 Retained earnings 700,000.00 600,000.00 200,000.00 175,000.00 1,360,000.00 950,000.00 Instructions $2,675.000.00 Total liabilities and stockholders' equity 10 $2,100,000.00 Additional data obtained from an escamination of the accounts in the ledger for 2073 are as follows 3. The investments were sold for $175.000 cash b. Equipment and land were acquired for cash c. There were no disposals of equipment during the year, d. The common stock was issued for cash t. There was a $500,000 credit to Retuned Earnings for net income 1 There was a $90,000 debt to Retained Earnings for cash dividends declared tructions TI Labels and Amount Descriptions X Labels and Amount Descriptions Cash paid for dividends Cash paid for merchandise Cash paid for purchase of equipment Cash paid for purchase of land Cash received from customers Cash received from sale of common stock Cash received from sale of investments December 31, 20Y3 n. Enter Decrease in accounts payable Decrease in accounts receivable ctions abels and Amount Descriptions Decrease in accounts receivable Decrease in accrued expenses payable Decrease in inventories Depreciation For the Year Ended December 31, 2043 Gain on sale of investments Increase in accounts payable Increase in accounts receivable Increase in accrued expenses payable Increase in cash Increase in inventories Loss on sale of investments Instructions Labels and Amount Descriptions Statement of Instructions 40 Labels and Amount Descriptions are a Loss on sale of investments A Net cash flow from operating activities Net cash flow used for operating activities Net cash flow from investing activities Net cash flow used for investing activities Net cash flow from financing activities Net cash flow used for financing activities Net decrease in cash Pre Net income s from Net increase in cash an Enter a Net loss Statement of Cash Flows 3500.000.00 Statement of Cash Flows Prepare a statement of cash flows in the indirect method of presentation.com cortes Refer to the Latent and Amount Descriptions fost crowded for the ex awer choices for text entre Be sure to complete the heading or the decent Enter amounts that represent cash outlows as negative numbers using a moussin Lovers inc Statement of Cash Flows La Ghostomused for conting $500,000.00 dieta deton how from operating di Livers Inc Statement of Cash Flows (Lahell 1 Cash flows from (used for operating activities 2 3 Adjustments to reconcle net income to net cash flow from operating activities 3 Changes in current operating assets and liabilities: Instructions Labels and Amount Descriptions Statement of Cash Flows Instructions Statement of Cash Flows 10 11 11 Cith flows from for investing activities 15 1 Statement of cash flows-indirect method Instructions Labels and Amount Descriptions Statement of Cash Flows Instructions Statement of Cash Flows 19 19 Cash flows from (used for financing activities 20 21 22
