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Please fill out the statement of cash flows and answer the following questions presented in the images. Please provide any necessary explanations. Data from the
Please fill out the statement of cash flows and answer the following questions presented in the images. Please provide any necessary explanations.
Data from the comparative balance sheet of Gibson's Greenhouse, Inc. at May 31, 2016, follow: Requirements 1. Prepare Gibson's Greenhouse, Inc's statement of cash flows for the year ended May 31, 2016, using the indirect method ta report cash flows from operating activities Evaluate Gibson's Greenhouse, Inc.'s cash flows for the year Mention all three categories of cash flows and give the reasor for your evaluation. (Click the icon to view/ the comparative balance sheet.) Gibson's Greenhouse, Inc.'s transactions during the year endecd May 31, 2016, included 2. (Click the icon to view the transactions.) Requiremen 1. Prepare Gibson's Greenhouse, Inc.'snt of cash flows for the year ended March 31, 2016, using the indirect method to report cash flows from operating activities Complete the statement one section at a time, beginning with the cash flows from operating activities. (Use parentheses or a minus sign for numbers to be subtracted) Gibson's Greenhouse, Inc. Statement of Cash Flows Year Ended March 31, 2016 Cash flows from operating activities Net income Adjustments to reconcile net income to net cash provided by operating activities Net cash provided by (used for) operating activities Cash flows from investing activities: Net cash provided by (used for) investing activities Cash flows from financing activities Net cash provided by (used for) financing activities Net increase (decrease) in cash Cash balance, March 31, 2015 Cash balance, March 31, 2016 Requirement 2. Evaluate Gibson's Greenhouse, Inc.'s cash flows for the year. Mention all three categories of cash flows and give the reason for your evaluation. | . The majority of the cash flow came from | investing activities is a good indication that the Gibson's Greenhouse, Inc.'s operations provided net cash flows of as it should in a successful company. The company is I and the net cash | financing activities of | indicates that the companyStep by Step Solution
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