Question
Please prepare the full Statement of Cash Flows for Big Corp. for the fiscal year 2020. Use the indirect method for the operating section, and
Please prepare the full Statement of Cash Flows for Big Corp. for the fiscal year 2020. Use the indirect method for the operating section, and dont forget to prepare the investing and financing sections. The information below is everything you need (and some you dont): Income Statement: Sales 4,500 COGS 2,100 SG&A Expense 820 Depreciation expense 280 Loss on Sale of PP&E 500 Net Income 800 Changes in current Balance Sheet accounts: Cash increase 970 Accounts Receivable increase 900 Inventory decrease 810 Accounts Payable increase 560 Unearned Revenue decrease 100 Current portion of long-term debt decrease 250 Other information: Cash Proceeds from Stock Issuance 850 Cash Proceeds from the Sale of PP&E 920 Cash Payments for Loan Repayment 600 Cash Payment for purchase of a patent 300 Cash Payment for purchase of Land 1,650 Cash Payment of common Dividends 200 The value of a machine bought on credit 700
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