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The following information is available for Stamos Corporation for the year ended December 31, 2020. Beginning cash balance $ 49,000 Accounts payable decrease 4,000 Depreciation
The following information is available for Stamos Corporation for the year ended December 31, 2020.
Beginning cash balance | $ 49,000 | |
Accounts payable decrease | 4,000 | |
Depreciation expense | 151,000 | |
Accounts receivable increase | 7,900 | |
Inventory increase | 12,000 | |
Net income | 266,800 | |
Cash received for sale of land at book value | 34,000 | |
Cash dividends paid | 11,000 | |
Income taxes payable increase | 4,400 | |
Cash used to purchase building | 311,000 | |
Cash used to purchase treasury stock | 24,000 | |
Cash received from issuing bonds | 199,000 |
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).)
STAMOS CORPORATION Statement of Cash FlowsIndirect Method December 31, 2020For the Year Ended December 31, 2020For the Month Ended December 31, 2020 | ||||
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 CashNoncash Investing and Financing Activities | ||||
Decrease in Accounts PayableDecrease in Accounts ReceivableDecrease in Income Taxes PayableDecrease IninventoryDepreciation ExpenseIncrease in Accounts PayableIncrease in Accounts ReceivableIncrease in Income Taxes PayableIncrease in InventoryIssuance of BondsNet IncomePayment of DividendPurchase of BuildingPurchase of LandPurchase of Treasury StockSale of BuildingSale of LandSale of Treasury Stock | $ | |||
Adjustments to Reconcile net income to | ||||
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 CashNoncash Investing and Financing Activities | ||||
Decrease in Accounts PayableDecrease in Accounts ReceivableDecrease in Income Taxes PayableDecrease IninventoryDepreciation ExpenseIncrease in Accounts PayableIncrease in Accounts ReceivableIncrease in Income Taxes PayableIncrease in InventoryIssuance of BondsNet IncomePayment of DividendPurchase of BuildingPurchase of LandPurchase of Treasury StockSale of BuildingSale of LandSale of Treasury Stock | $ | |||
Decrease in Accounts PayableDecrease in Accounts ReceivableDecrease in Income Taxes PayableDecrease IninventoryDepreciation ExpenseIncrease in Accounts PayableIncrease in Accounts ReceivableIncrease in Income Taxes PayableIncrease in InventoryIssuance of BondsNet IncomePayment of DividendPurchase of BuildingPurchase of LandPurchase of Treasury StockSale of BuildingSale of LandSale of Treasury Stock | ||||
Decrease in Accounts PayableDecrease in Accounts ReceivableDecrease in Income Taxes PayableDecrease IninventoryDepreciation ExpenseIncrease in Accounts PayableIncrease in Accounts ReceivableIncrease in Income Taxes PayableIncrease in InventoryIssuance of BondsNet IncomePayment of DividendPurchase of BuildingPurchase of LandPurchase of Treasury StockSale of BuildingSale of LandSale of Treasury Stock | ||||
Decrease in Accounts PayableDecrease in Accounts ReceivableDecrease in Income Taxes PayableDecrease IninventoryDepreciation ExpenseIncrease in Accounts PayableIncrease in Accounts ReceivableIncrease in Income Taxes PayableIncrease in InventoryIssuance of BondsNet IncomePayment of DividendPurchase of BuildingPurchase of LandPurchase of Treasury StockSale of BuildingSale of LandSale of Treasury Stock | ||||
Decrease in Accounts PayableDecrease in Accounts ReceivableDecrease in Income Taxes PayableDecrease IninventoryDepreciation ExpenseIncrease in Accounts PayableIncrease in Accounts ReceivableIncrease in Income Taxes PayableIncrease in InventoryIssuance of BondsNet IncomePayment of DividendPurchase of BuildingPurchase of LandPurchase of Treasury StockSale of BuildingSale of LandSale of Treasury Stock | ||||
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 CashNoncash Investing and Financing Activities | ||||
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 CashNoncash Investing and Financing Activities | ||||
$ |
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