Question
The following information is available for Metlock, Inc. for the year ended December 31, 2022. Beginning cash balance $ 14,400 Accounts payable increase 3,420 Depreciation
The following information is available for Metlock, Inc. for the year ended December 31, 2022.
Beginning cash balance | $ 14,400 | |
Accounts payable increase | 3,420 | |
Depreciation expense | 24,600 | |
Accounts receivable decrease | 2,880 | |
Inventory decrease | 1,860 | |
Net income | 34,320 | |
Cash received for sale of land at book value | 62,400 | |
Cash dividends paid | 22,800 | |
Income taxes payable decrease | 2,340 | |
Cash used to purchase land | 48,600 | |
Cash used to redeem bonds | 39,600 | |
Cash received from issuing stock | 96,000 |
Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
Metlock, Inc. Statement of Cash FlowsIndirect Method choose the accounting period December 31, 2022For the Year Ended December 31, 2022For the Quarter Ended December 31, 2022 | ||
select an opening name for section one Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash | ||
---|---|---|
select an item Decrease in Accounts PayableDecrease in Accounts ReceivableDecrease in Income Taxes PayableDecrease in InventoryDepreciation ExpenseIncrease in Accounts PayableIncrease in Accounts ReceivableIncrease in Income Taxes PayableIncrease in InventoryIssuance of StockNet IncomePayment of DividendPurchase of LandRedemption of BondsSale of Land | $enter a dollar amount | |
Adjustments to reconcile net income to | ||
select an opening name for a subsection Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash | ||
select an item |
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