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The comparative balance sheets of Maynard Movie Theater Company at June 30, 2016 and 2015, reported the following EEB (Click the icon to view the balance sheets.) Maynard Movie Theater's transactions during the year ended June 30, 2016, included (Click the icon to view the transaction data.) Read the requirements. Requirement 1. Prepare Maynard Movie Theater Company's statement of cash flows for the year ended June 30, 2016, using the indirect method to report cash flows from operating activities. Report noncash investing and financing activities in an accompanying schedule. Start by completing the cash flows from operating activities. Then complete the remaining statement of cash flows and the accompanying schedule of noncash investing and financing activities. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash.) Maynard Movie Theater Company Statement of Cash Flows (Indirect Method) Year Ended June 30, 2016 Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by (used for) operating activities Choose from any list or enter any number in the input fields and then continue to the next question More Info - X Data Table June 30 Acquisition of land Proceeds from sale of long by issuing note payable Amortization expense Payment of cash dividend Cash purchase of 107,000 term investment 19,800 15,100 59,000 44,000 2016 2015 8,000 Depreciation expense Current assets: $21,300 S 16,500 22,100 61,000 4,000 27,000 Cash purchase of building Cash and cash equivalents Report noncash investing and Net income Accounts receivable 14,300 63,500 16,700 equipment. 79,000 Issuance of common (Use parentheses or a minus sign Issuance of long-term note payable to borow cash stock for cash 18,000 Prepaid expenses 45,000 Stock dividend 11,000 Current liabilities: Accounts payable Accrued liabilities Income tax payable $ 57,500 S 55,200 17,100 10,400 37,100 Requirements 15,400 Print Done 1. Prepare Maynard Movie Theater Company's statement of cash flows for the year ended June 30, 2016, using the indirect method to report cash flows from operating activities. Report noncash investing and financing activities in an accompanying schedule 2. Evaluate Maynard Movie Theaters cash flows for the year. Mention all three categories of cash flows, and give the reason for your evaluation. Print Done The comparative balance sheets of Maynard Movie Theater Company at June 30, 2016 and 2015, reported the following EEB (Click the icon to view the balance sheets.) Maynard Movie Theater's transactions during the year ended June 30, 2016, included: (Click the icon to view the transaction data.) Read the requirements 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 Noncash investing and financing activities: Choose from any list or enter any number in the input fields and then continue to the next question The comparative balance sheets of Maynard Movie Theater Company at June 30, 2016 and 2015, reported the following: EEB (Click the loon to view the balance sheets.) Maynard Movie Theater's transactions during the year ended June 30, 2016, included: (Click the ioon to view the transaction data.) Read the requirements Net cash provided by (used for) financing activities Net increase (decrease) in cash Noncash investing and financing activities: Requirement 2. Evaluate Maynard Movie Theater's cash flows for the year. Mention all three categories of cash flows, and give the reason for your evaluation. Maynard Movie Theater Company's cash flows look Maynard Movie Theater genereted a are the main source of cash. cash flow from investing activities largely due to the of equipment and a building. It generally bodesfor the future when a company invests in new capital assets Maynard Movie Theater generated acash flow from financing activties. These financing actities indicate that the Maynard Movie Theat Vcredit-worthy to be able to issue long-term notes. We also see that the company has V funds to pay cash dividends. Choose from any list or enter any number in the input fields and then continue to the next
