Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Tala land Company has the following manciar Wormation: Balance Sheets Dec. 31. Dec. 31, 2020 2021 152.400 119,500 33,200 35.000 200,600 175,500 22.000 20,000 300,000

image text in transcribed
Tala land Company has the following manciar Wormation: Balance Sheets Dec. 31. Dec. 31, 2020 2021 152.400 119,500 33,200 35.000 200,600 175,500 22.000 20,000 300,000 420,000 250,000 205,000 Cash Accounts receivable Inventory Prepaid Expenses Long term Investments Plant, Property and Equipment (net) Accounts payable Short term notes payable Taxes payable Long term liabilities Stockholders' Equity 98,600 105,000 62.000 45,000 35,600 13,500 134,000 140,000 628.000 671,500 Income statement Sales revenue Cost of goods sold Gross profit Depreciation Expense Other operating costs Loss on sale of plant assets Net Income for the year S 570,000 300,000 $ 270,000 13,000 186,500 2,000 $68,500 Required: Calculate the cash flow from operating activities for the year ended December 31, 2021. using the Indirect method. (Note: write your answer as a number only, with No dollar signs or commas)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Contemporary Auditing Real Issues And Cases

Authors: Michael Chris Knapp

9th International Edition

1133187900, 978-1133187905

More Books

Students also viewed these Accounting questions

Question

My opinions/suggestions are valued.

Answered: 1 week ago