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The comparative balance sheet of Simon Theatre Company at March 31, 2020, reported the following: (Click the icon to view the current accounts.) Simon's
The comparative balance sheet of Simon Theatre Company at March 31, 2020, reported the following: (Click the icon to view the current accounts.) Simon's transactions during the year ended March 31, 2020 included the following: i (Click the icon to view the transaction data.) Requirements 1. Prepare Simon Theatre Company's statement of cash flows for the year ended March 31, 2020, using the indirect method to report cash flows from operating activities. Report non-cash investing and financing activities in an accompanying schedule. 2. Evaluate Simon's cash flows for the year. Mention all three categories of cash flows and give the reason for your evaluation. Requirement 1. Prepare Simon Theatre Company's statement of cash flows for the year ended March 31, 2020, using the indirect method to report cash flows from operating activities. Report non-cash investing and financing activities in an accompanying schedule. Start by completing the cash flows from operating activities. Then, continue with completing the investing and financing activities sections. Finally, determine the net increase (decrease) in cash. (Use a minus sign or parentheses for subtracting numbers that are typically shown enclosed in parentheses in a statement of cash flows.) Simon Theatre Company Statement of Cash Flows For the Year Ended March 31, 2020 Cash flows from operating activities: Net income
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