Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The income statement and addecond data of Heolth Plus, inc, follow: ## (Click the icen to view the income statement) C (Click the icon to
The income statement and addecond data of Heolth Plus, inc, follow: \#\# (Click the icen to view the income statement) C (Click the icon to view the additional data) Prepare the spreadsheet for the 2024 statement of cash fiows. Format cash hows from operating activites by the indrect methed. Use the transaction references in Panel B when selecting the transaction references in Panel A (Hf a bar is not vsed in the spreadsheet, 1Wuve the box emcty, do not select a iabel or ender a zero Do not check your answer until both Panel A and Panel B have been completed. Abberevatons used Acquistion of Plant Assets by lssung NP = Acpuition ef Plant Assets by lasuing Note Payable.). Acoounts Payabie Accrued Liabilities Notes Payoble Total Liabilises Comman Stock, no par Retained Earnings Total Liablities and Stockholders' Equity 18,000 18,000 13,000 48,000 33,000 14,000 14,000 61,000 Panel B-statement of Cash Flows: Cash Flows trom Operating Activities. Adjustments to Reconcile Net income (a) to Net Cash Provided by Operating Activalies: (b) (c) (d) Panel B-Statement of Cash Flows: Cash Flows from Operating Activities: Adjustments to Reconcile Net Income (a) to Net Cash Provided by Operating Activities: (b) (c) (e) Net Cash Provided by Operating Activities Cash Flows from Investing Activities: Cash Flows from investing Activities: (h) Net Cash Used for Investing Activities Cash Flows from Financing Activities: Net Cash Provided by Operating Activities Cash Flows from Investing Activities: Net Cash Used for investing Activities Cash Flows from Financing Activities: Net Cash Used for Financing Activities Non-cash Irvesting and Financing Activities: Total Non-cash Investing and Financing Activities Total (e) (in) (i) (g1) (j) (k) (i) (g2) (g2) Data table a. Acquisition of plant assets is $120,000. Of this amount, $106,000 is paid in cash and $14,000 by signing a note payable. b. Cash receipt from sale of land totals $29,000. There was no gain or loss. c. Cash receipts from issuance of common stock total $28,000. d. Payment of note payable is $13,000 e. Payment of dividends is $9,000. f. From the balance sheet
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started