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Please complete all parts to the question and show your work if possible thank you. Laneway Cellular accountants have assembled the following data for the
Please complete all parts to the question and show your work if possible thank you.
Laneway Cellular accountants have assembled the following data for the year ended November 30, 2018: .: (Click the icon to view the data.) Prepare Laneway Cellular's statement of cash flows using the indirect method for the year ended November 30, 2018. Assume beginning and ending Cash are $50,000 and $97,900, respectively Complete the statement one section at a time, beginning with the cash flows from operating activities. (Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the statement, leave the box empty, do not select a label or enter a zero.) Laneway Cellular Statement of Cash Flows Year Ended November 30, 2018 Cash Flows from Operating Activities: Net Income i Data Table - X Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: $ $ Cash receipt from sale of land Depreciation expense Cash payment of dividends Cash receipt from issuance of common stock 30,000 3,000 6,100 18,000 Net income Cash purchase of equipment Decrease in current liabilities Increase in current assets other than cash 62,000 39,000 7,000 13,000 Net Cash Provided by (Used for) Operating Activities Print Done Choose from any list or enter any number in the input fields and then click Check Answer. 3 remaining Clear All CheckStep by Step Solution
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