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Prepare the operating activities section of the statement of cash flows using the indirect method. reductions to net cash provided by operating activities as negative
Prepare the operating activities section of the statement of cash flows using the indirect method. reductions to net cash provided by operating activities as negative values. Post-closing ECO BUILD INCORPORATED Statement of Cash Flows (Direct Method) For Year Ended June 30, 2021 Trial Balance Indirect Method > Using the income statement, the comparative balance sheet, and the additional information given above, reconstruct the Igree with GL1201 (Algo) - Based on Exercise 12-11 LO P2, P3, A1 Use the following financial statements and additional information. Additional Information a. A$45,000 note payable is retired at its $45,000 carrying (book) value in exchange for cash b. The only changes affecting retained earnings are net income and cash dividends paid. c. New equipment is acquired for $64,000 cash. d. Received cash for the sale of equipment that had cost $53,000, yielding a $2,700 gain. e. Prepaid Expenses and Wages Payable relate to Other Expenses on the income statement. f. All purchases and sales of inventory are on credit
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