Requirements
| 1. | Prepare Newton'sstatement of cash flows for the year ended December 31,2020,  using the indirect method. |
| 2. | Evaluate Newton's cash flows for the year. In your evaluation, mention all three categories of cash flows and give the reason for your evaluation. |
- X your evaluation. non-cash investing and financing activities. gative amounts.) $ 402,824 + Quick access Desktop The income statement and additional data of Norcros Income Statement Downloads E (Click the icon to view the income statement. Documents Requirements 1. Prepare Norcross's statement of cash flows for th Norcross Travel Products, Inc. Pictures 2. Evaluate Norcross's cash flows for the year. In yo Income Statement Iphone Year Ended December 31, 2020 Screenshots Requirement 1. Prepare Norcross's statement of cas Revenues Start by completing the cash flows from operating acti Slovakia Zem SP (Round your answers to the nearest whole dollar. Service revenue $ 390,810 12,014 Winter Dividend revenue Norcross Travel Expenses: Creative Cloud Fil Statement of C Cost of goods sold 132,571 Year Ended Decer OneDrive Salary expense 74,571 Cash flows from operating activities: Depreciation expense 37,286 This PC Net income Advertising expense 5.938 3D Objects Adjustments to reconcile net income to Interest expense 2,900 Desktop net cash provided by (used for) operating activ Income tax expense Documents Net income Downloads Music Choose from any list or enter any number in the in Print Done Pictures Videos Save for Later * Local Disk (C:) 8,286 261,552 $ 141,272 0 items IH Type here to search . C 7:13 PM 11/30/2020 24 The income statement and additional data of Newton Travel Products, Inc., follow: B (Click the icon to view the income statement.) (Click the icon to view the additional data.) Requirements 1. Prepare Newton's statement of cash flows for the year ended December 31, 2020, using the indirect method. 2. Evaluate Newton's cash flows for the year. In your evaluation, mention all three categories of cash flows and give the reason for your evaluation. Requirement 1. Prepare Newton's statement of cash flows for the year ended December 31, 2020, using the indirect method. Start by completing the cash flows from operating activities. Then complete each section of the statement of cash flows, including the non-cash investing and financing activities. (Round your answers to the nearest whole dollar. Use parentheses or a minus sign for numbers to be subtracted and for negative amounts.) Newton Travel Products, Inc. Statement of Cash Flows Year Ended December 31, 2020 Cash flows from operating activities: Acquisition of plant assets Cash receipt from issuance of common shares Depreciation Decrease in accounts receivable Increase in accounts payable Decrease in accrued liabilities Increase in inventory Increase in prepaid expenses Net income Payment of dividends Ch Payment of note payable Proceeds from sale of land Id then continue to the next question. IH Type here to search 5:00 PM 11/30/2020 24 - X your evaluation. non-cash investing and financing activities. gative amounts.) $ 402,824 + Quick access Desktop The income statement and additional data of Norcros Income Statement Downloads E (Click the icon to view the income statement. Documents Requirements 1. Prepare Norcross's statement of cash flows for th Norcross Travel Products, Inc. Pictures 2. Evaluate Norcross's cash flows for the year. In yo Income Statement Iphone Year Ended December 31, 2020 Screenshots Requirement 1. Prepare Norcross's statement of cas Revenues Start by completing the cash flows from operating acti Slovakia Zem SP (Round your answers to the nearest whole dollar. Service revenue $ 390,810 12,014 Winter Dividend revenue Norcross Travel Expenses: Creative Cloud Fil Statement of C Cost of goods sold 132,571 Year Ended Decer OneDrive Salary expense 74,571 Cash flows from operating activities: Depreciation expense 37,286 This PC Net income Advertising expense 5.938 3D Objects Adjustments to reconcile net income to Interest expense 2,900 Desktop net cash provided by (used for) operating activ Income tax expense Documents Net income Downloads Music Choose from any list or enter any number in the in Print Done Pictures Videos Save for Later * Local Disk (C:) 8,286 261,552 $ 141,272 0 items IH Type here to search . C 7:13 PM 11/30/2020 24 The income statement and additional data of Newton Travel Products, Inc., follow: B (Click the icon to view the income statement.) (Click the icon to view the additional data.) Requirements 1. Prepare Newton's statement of cash flows for the year ended December 31, 2020, using the indirect method. 2. Evaluate Newton's cash flows for the year. In your evaluation, mention all three categories of cash flows and give the reason for your evaluation. Requirement 1. Prepare Newton's statement of cash flows for the year ended December 31, 2020, using the indirect method. Start by completing the cash flows from operating activities. Then complete each section of the statement of cash flows, including the non-cash investing and financing activities. (Round your answers to the nearest whole dollar. Use parentheses or a minus sign for numbers to be subtracted and for negative amounts.) Newton Travel Products, Inc. Statement of Cash Flows Year Ended December 31, 2020 Cash flows from operating activities: Acquisition of plant assets Cash receipt from issuance of common shares Depreciation Decrease in accounts receivable Increase in accounts payable Decrease in accrued liabilities Increase in inventory Increase in prepaid expenses Net income Payment of dividends Ch Payment of note payable Proceeds from sale of land Id then continue to the next question. IH Type here to search 5:00 PM 11/30/2020 24
