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Prepare a Cash Flow Statement using the Indirect Method. DO NOT use the DIRECT Method all accounts listed below may not be used in this
Prepare a Cash Flow Statement using the Indirect Method. | |||
DO NOT use the DIRECT Method | |||
all accounts listed below may not be used in this example | |||
Net income | $60,000,000.00 | ||
Cash December 31, 2021 | $75,000,000.00 | ||
Cash December 31 2022 | ??????? | ||
Depreciation Expense | $2,000,000.00 | ||
Increase in inventory | $1,500,000.00 | ||
Decrease in accounts payable | $3,200,000.00 | ||
Increase in Prepaid insurance | $1,100,000.00 | ||
Purchased stock | $3,000,000.00 | ||
Purchased land | $4,000,000.00 | ||
Paid mortgage | $5,000,000.00 | ||
Paid car loan | $6,000,000.00 | ||
Increase in wages payable | $1,300,000.00 | ||
Patient Receivable | $25,000,000.00 |
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