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Please help! Accounting thanks!! P Seth Erkenbeck, a recent college graduate, has just completed the basic format to be used in preparing the statement of
Please help! Accounting thanks!!
P
Seth Erkenbeck, a recent college graduate, has just completed the basic format to be used in preparing the statement of cash flows (indirect method) for ATM Software Developers. All amounts are in thousands (000s) ATM SOFTWARE DEVELOPERS Statement of Cash Flows For the year ended December 31, 2015 Cash Flows from operating Activities Net income Adjustments for noncash effects: Changes in current assets and current liabilities: Net cash flows from operating activities Cash Flows from Investing Activities Net cash flows from investing activities Cash Flows from Financing Activities Net cash flows from financing activities 3,165 Net increase (decrease) in cash 6.835 Cash at the beginning of the period $10,000 Cash at the end of the period Listed below in random order are line items to be included in the statement of cash flows. Cash received from the sale of land 8,600 Issuance of common stock 12,950 Depreciation expense 5,440 Increase in accounts receivable 4,040 Decrease in accounts payable 1,735 issuance of long-term notes payable 16,370 39,740 Purchase of equipment 1,450 Decrease in inventory Decrease in prepaid rent 880 6,320 Payment of dividends Net income 11,900 Purchase of treasury stock 2,590
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