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please show full answer sheet usually its cut off when yoy guys answer it Statement of Cash Flows indirect Method The comparative balance sheet of

please show full answer sheet usually its cut off when yoy guys answer it
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Statement of Cash Flows indirect Method The comparative balance sheet of Merrick Equipment Co for December 31, 2009 and 2070, is as follows: Dec 31, 2019 Dec 31, 2018 Assets Cash $251,110 90,970 Accounts receivable (net) Inventories Investments Land $234,130 84,090 248,970 96,450 256,790 o 0 131,710 283,330 Equipment Accumulated depreciation-equipment Total assets (66,330) 220,110 (59,360) $824,390 $947,580 $162,400 5171,510 17,060 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Accrued expenses payable (operating expenses) Dividends payable Common stock, $10 par Pald-in capital in excess of par-common stock Retained earnings 9,480 21,430 7,420 40,400 51,170 192,360 506,000 112,120 480,620 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $171,510 $162,400 Accrued expenses payable (operating expenses) 17,060 21,430 Dividends payable 9,480 7,420 Common stock, $10 par 51,170 40,400 Paid-in capital in excess of par-common stock 192,360 112,120 Retained earnings 506,000 480,620 Total liabilities and stockholders' equity $947,580 $824,390 Additional data obtained from an examination of the accounts in the ledger for 2049 are as follows: a. Equipment and land were acquired for cash b. There were no disposals of equipment during the year C. The investments were sold for $112,850 cash. d. The common stock was issued for cash. e. There was a $64,130 credit to Retained Earnings for net income. f. There was a $38,750 debit to Retained Earnings for cash dividends declared. Required: Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments. Merrick Equipment Co. Statement of Cash Flows For the Year Ended December 31, 2019 Cash flows from (used for) operating activities: Adiustments to reconcile net income to net cash flow from operating activities: Prepare a statement of cash flows, using the Indirect method of presenting cash flows from operating activities. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments. Merrick Equipment Co. Statement of Cash Flows For the Year Ended December 31, 2019 Cash flows from (used for) operating activities: Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: bi bil 01 Net cash flow from operating activities Cash flows from (used for) investing activities: 0 Net cash flow used for investing activities Cash flows from (used for) financing activities: Changes in current operating assets and liabilities: 1 m. Net cash flow from operating activities Cash flows from (used for) investing activities: Net cash flow used for investing activities Cash flows from (used for) financing activities: Net cash flow from financing activities pii Cash balance, January 1, 2019 Cash balance, December 31, 2019

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