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Prepare Vitamins Plus's statement of cash flows for the year ended September 30, 2018, using the indirect method. Include a separate section for non-cash investing
Prepare Vitamins Plus's statement of cash flows for the year ended September 30, 2018, using the indirect method. Include a separate section for non-cash investing and financing activities. coutine dac Complete the statement one section at a time, beginning with the cash flows from operating activities. (Usps enter a zero.) More Info a. Vitamins Plus, Inc. Statement of Cash Flows Year Ended September 30, 2018 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: 59000 22000 10000 Depreciation Expense-Plant Assets Decrease in Accounts Receivable Increase in Merchandise Inventory Increase in Accounts Payable Decrease in Accrued Liabilities Net Cash Provided by (Used for) Operating Activities Acquisition of plant assets is $114,000. Of this amount, $103,000 is paid in cash and $11,000 by signing a note payable. b. Cash receipt from sale of land totals $25,000. There was no gain or loss. c. Cash receipts from issuance of common stock total $29,000 d. Payment of note payable is $10,000. e. Payment of dividends is $13,000. f. From the balance sheet: September 30 2018 2017 Cash $ 35,000 $ 20,000 Accounts Receivable 46,000 56,000 Merchandise Inventory 99,000 91,000 Land 58.000 83,000 Plant Assets 174.000 60,000 Accumulated Depreciation (24,000) Accounts Payable 38,000 24,000 Accrued Liabilities 17,000 27,000 Notes Payable (long-term) 11,000 10.000 Common Stock, no par 36.000 7.000 Retained Earnings 264,000 218,000 (46,000) Print Done
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