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prepare a statement of cash flows for this company using the indirect method. informationumbers needed are in the pictures below. Using the Indirect Method, prepare
prepare a statement of cash flows for this company using the indirect method. informationumbers needed are in the pictures below.
Using the Indirect Method, prepare The Statement of Cash Flows for XYZ Corp. Partial Balance Sheet and other financial statement information: For the Year Ended December 31, 2017 Sales Revenue $ 500,000 Cost of Goods Sold 400,000 Gross Profit $ 100,000 Operating Expenses 180,000 Loss Before Interest and Taxes $ (80,000) Interest Expense 20,000 Net Loss (100,000) Cash Accounts Receivable Inventory Prepayments Total Current Assets Land Plant and Equipment Accumulated Depreciation Total Long-Term Assets Total Assets Accounts Payable Other Accrued Liabilities Interest Payable Total Current Liabilities Long-Term Loan Payable Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities & SE December 31 2017 2016 95,000 80,000 50,000 75,000 100,000 150,000 55,000 45,000 300,000 350,000 475,000 400,000 870,000 800,000 (370,000) (300,000) 975,000 900,000 1,275,000 1,250,000 125,000 100,000 35,000 45,000 15,000 10,000 175,000 155,000 340,000 250,000 450,000 400,000 310,000 445,000 760,000 845,000 1,275,000 1,250,000 Dividends Paid for 2017 are $ Depreciation Expense is $ 35,000 70,000 Land and plant and Equipment were acquired for cash, and additional stock was issued for cash. Cash also was received from additonal bank loansStep by Step Solution
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