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plz help thank you Zumiez Incorporated is a Washington-based clothing and ski/skate accessories retailer. In a recent quarter, it reported the following activities: Required: Based
plz help thank you
Zumiez Incorporated is a Washington-based clothing and ski/skate accessories retailer. In a recent quarter, it reported the following activities: Required: Based on this information, present the cash flows from investing and financing activities sections of the cash flow statement. (Amounts to be deducted should be indicated with o minus sign.) XS Supply Company is developlng its armual financial statements at December 31. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statement are summarixed: Additional Dete: a. Bought echuipment for cash, $24,000 b. Paid $6.600 on the long-term notes payable. c. Issued thew shares of stock for $19.000 cash. a. No dividends were declared or paid. e Other expenses included depreciation, $5,600; salaries and wages, $20,600; taxes, $6,600; utilies, $7,400. f Accounts Payable includes only inventory purchases made on credit Because there are no llability accounts relating to taxes of other experises, assame that these expenses were fully paid in cash. Additional Dnto: a. Bought equipment for cast, $24,000. b. Pald $6,600 on the long-term notes payable: c. Issued new shares of stock for $19.000 cash. d. No dividends were declared or paid. e. Other expenses included depreclation, $5,600; salaries and wages, $20,600; taxes. $6.600, utintes, $7.400 f. Accounts Payable includes only inventory purchases made on credit. Because there ari no liability accounts relating to taxes or other expenses, assume that these expenses were fully paid in cash. Required: 1. Prepare the statement of cash flows for the current year ended December 31 using the indirect method. (Amounts to be deducted should be indicoted with o minus sign.) Step by Step Solution
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