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Please help with cash flows - direct method to complete problem P-F: 16A-37A. The related problem (P-F:16-34A) is included. Using Excel will help me greatly
Please help with cash flows - direct method to complete problem P-F: 16A-37A. The related problem (P-F:16-34A) is included. Using Excel will help me greatly to reviewe the steps. Thank you.
-F:16-34A Preparing the statement of cash flows-indirect method with non-cash transactions The 2024 income statement and comparative balance shect of Rolling Hills, Inc. follow: Additionally, Rolling Hills purchased land of $21,100 by financing it 100% with longterm notes payable during 2024. During the year, there were no sales of land, no retirements of stock, and no treasury stock transactions. A plant asset was disposed of for $0. The cost and the accumulated depreciation of the disposed asset was $13,410. The plant acquisition was for cash. Requirements 1. Prepare the 2024 statement of cash flows, formatting operating activities by the indiret method. 2. How will what you learned in this problem help you cvaluate an investment? P-F:16A-37A Preparing the statement of cash flows-direct method Use the Rolling Hills, Inc. data from Problem P-F:16-34A. Requirements 1. Prepare the 2024 statement of cash flows by the direct method. 2. How will what you learned in this problem help you evaluate an investment Step by Step Solution
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