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Please give me some solutions! Thank you! Thanks. give some examples for cash flow statement-Indirect method Question 2 of 3 -720 Current Attempt in Progress
Please give me some solutions! Thank you!
Thanks.
give some examples for cash flow statement-Indirect method
Question 2 of 3 -720 Current Attempt in Progress Sunland Shoes' comparative balance sheet is presented below.Sunland reports under ASPE. SUNLAND SHOES Balance Sheet December 31 Assets 2021 Cash $24,816 Accounts receivable 21.296 Long-term investments 20.240 Equipment 52.800 Accumulated depreciation equipment (12,320) Total $106,832 Liabilities and Shareholders' Equity Accounts payable $17.248 Notes payable 8.800 Common shares S2,800 Retained earnings 27.984 Total $106,832 2020 $15,576 19.624 14,080 61,600 (8.800) $102,080 $9.768 26,400 39,600 26.312 $102,080 Additional Information: Profit was $24.904. Dividends declared and paid were $23.232 Equipment that cost $8.800 and had accumulated depreciation of 1,056 was sold for $3,784 All other changes in non current account balances had a direct effect on cash flows, except the change in accumulated depreciation Prepare a statement of cash flows for 2021 using the indirect method. (Show amounts that decrease cash flow with either as LUUTTUI SITUS DLOUV Retained earnings Total 27,984 $106,832 37,000 26,312 $102,080 Additional Information: Profit was $24.904. Dividends declared and paid were $23,232. 2. Equipment that cost $8,800 and had accumulated depreciation of $1,056 was sold for $3,784. All other changes in non-current account balances had a direct effect on cash flows, except the change in accumulated depreciation 3. Prepare a statement of cash flows for 2021 using the indirect method. (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis eg. (15,000)) SUNLAND SHOES Cash Flow Statement - Indirect Method Adjustments to reconcile profit to depreciation. nulated Prepare a statement of cash flows for 2021 using the indirect method. (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis eg. (15,000).) SUNLAND SHOES Cash Flow Statement - Indirect Method Adjustments to reconcile profit to > > $ Step by Step Solution
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