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please hurry, the answer choices are the same for all This is Part C of Strauss & West LLC problem. You must complete Parts A
please hurry, the answer choices are the same for all
This is Part C of Strauss & West LLC problem. You must complete Parts A and B requirements before attempting Part The company has provided you the format for preparing the SCF based on the indirect method. Part requirements: The amount (s) for each cash flow item is not provided. In the answer choices, select the appropriate dollar ($) amount for each item on the SCF. Straus & West Statement of Cash Flows For the year ended December 31, 2020 Cash flow from operating activities: Net income Adjustments: Depreciation Gain on disposal of investment Gain on disposal of equipment Receivables Inventory Prepaid insurance Accounts payable Salaries payable Notes payable (current) Net cash used by operating activities Cash flows from investing activities: Proceeds from sale of investment securities Proceeds from sale of equipment Dubra Net cash used by operating activities Cash flows from investing activities. Proceeds from sale of investment securities Proceeds from sale of equipment Purchase of new equipment Net cash used by investing activities Cash flows from financing activities: Proceeds from Bond issuance Payment of dividends Net cash provided by financing activities: Net increase in cash Cash balance, January 1 Cash balance, December 31 Net income Choose.. . Depreciation Choose... . Gain on disposal of investment securities Choose.. . Choose... Gain on disposal of equipment Increase in accounts receivable Choose.. 4 Increase in inventory Choose.. 1 Choose... a Decrease in prepaid insurance Net income Choose... Depreciation Gain on disposal of investment securities Gain on disposal of equipment Increase in accounts receivable Increase in inventory Decrease in prepaid insurance Decrease in accounts payable Choose... $40,000 $(250,000) $(290,000) $148,000 $76,000 $19,000) $60,000 $250,000 $400,000 $(40,000) $(23,500) $12,000 $(100,000) Not applicable $2,000 $52,840 $360,000 Answer not provided $(2,000) Choose.. Decrease in salaries payable Decrease in notes payable Net cash provided (used) by operating activities Proceeds from sale of investment securities Proceeds from sale of equipment Purchase of new equipment Choose... Net cash provided (used) by investing activities Choose.. Proceeds from Bond issuance > Choose... Choose... Payment of dividends . Net cash provided (used) by financing activities Choose... . Nat increase (decrease in cash Cocos This is Part C of Strauss & West LLC problem. You must complete Parts A and B requirements before attempting Part The company has provided you the format for preparing the SCF based on the indirect method. Part requirements: The amount (s) for each cash flow item is not provided. In the answer choices, select the appropriate dollar ($) amount for each item on the SCF. Straus & West Statement of Cash Flows For the year ended December 31, 2020 Cash flow from operating activities: Net income Adjustments: Depreciation Gain on disposal of investment Gain on disposal of equipment Receivables Inventory Prepaid insurance Accounts payable Salaries payable Notes payable (current) Net cash used by operating activities Cash flows from investing activities: Proceeds from sale of investment securities Proceeds from sale of equipment Dubra Net cash used by operating activities Cash flows from investing activities. Proceeds from sale of investment securities Proceeds from sale of equipment Purchase of new equipment Net cash used by investing activities Cash flows from financing activities: Proceeds from Bond issuance Payment of dividends Net cash provided by financing activities: Net increase in cash Cash balance, January 1 Cash balance, December 31 Net income Choose.. . Depreciation Choose... . Gain on disposal of investment securities Choose.. . Choose... Gain on disposal of equipment Increase in accounts receivable Choose.. 4 Increase in inventory Choose.. 1 Choose... a Decrease in prepaid insurance Net income Choose... Depreciation Gain on disposal of investment securities Gain on disposal of equipment Increase in accounts receivable Increase in inventory Decrease in prepaid insurance Decrease in accounts payable Choose... $40,000 $(250,000) $(290,000) $148,000 $76,000 $19,000) $60,000 $250,000 $400,000 $(40,000) $(23,500) $12,000 $(100,000) Not applicable $2,000 $52,840 $360,000 Answer not provided $(2,000) Choose.. Decrease in salaries payable Decrease in notes payable Net cash provided (used) by operating activities Proceeds from sale of investment securities Proceeds from sale of equipment Purchase of new equipment Choose... Net cash provided (used) by investing activities Choose.. Proceeds from Bond issuance > Choose... Choose... Payment of dividends . Net cash provided (used) by financing activities Choose... . Nat increase (decrease in cash Cocos Step by Step Solution
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