Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The financial statements of Pouchie Co. included the following information for the year ended December 31, 2019 (amounts in millions): Depreciation and amortization expense Cash

image text in transcribed
image text in transcribed
The financial statements of Pouchie Co. included the following information for the year ended December 31, 2019 (amounts in millions): Depreciation and amortization expense Cash dividends declared and paid Purchase of equipment Net income Beginning cash balance Proceeds of common stock issued Proceeds from sale of building (at book value) Accounts receivable increase Ending cash balance Inventory decrease Accounts payable increase $247 331 838 509 121 194 241 8 247 53 59 Required: Complete the following statement of cash flows, using the Indirect method. (Amounts to be deducted should be indicated by a minus sign. Enter your answers in millions (l.e., 5,000,000 should be entered as 5).) POUCHIE CO. Statement of Cash Flows For the Year Ended December 31, 2019 (in millions) Cash flows from operating activities Add (deduct) items not affecting cash: Cash flows from investing activities Cash flows from financing activities: Required: Complete the following statement of cash flows, using the indirect method. (Amounts to be deducted should be indicated by a minus sign. Enter your answers in millions (i.e., 5,000,000 should be entered as 5).) POUCHIE CO. Statement of Cash Flows For the Year Ended December 31, 2019 (in millions) Cash flows from operating activities: Add (deduct) items not affecting cash: Cash flows from investing activities: Cash flows from financing activities Cash balance, January 1, 2019 Cash balance, December 31, 2019

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

Principles Of Cost Accounting

Authors: Vanderbeck

13th Edition

0324191693, 978-0324191691

More Books

Students also viewed these Accounting questions

Question

Did the researcher use negative case analysis?

Answered: 1 week ago