Question
The income statement and additional data of Noel Travel Products, Inc., follow: LOADING...(Click the icon to view the income statement.) LOADING...(Click the icon to view
The income statement and additional data of Noel Travel Products, Inc., follow: LOADING...(Click the icon to view the income statement.) LOADING...(Click the icon to view the additional data.) Requirements 1. Prepare Noel's statement of cash flows for the year ended December 31, 2018, using the indirect method. 2. Evaluate the company's cash flows for the year. In your evaluation, mention all three categories of cash flows and give the rationale for your evaluation. Requirement 1. Prepare Noel's statement of cash flows for the year ended December 31, 2018, using the indirect method. Start by completing the cash flows from operating activities. Then complete each section of the statement of cash flows, including the noncash investing and financing activities. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash.) Noel Travel Products, Inc. Statement of Cash Flows (Indirect Method) Year Ended December 31, 2018 Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by (used for) operating activities: Net cash provided by (used for) operating activities Cash flows from investing activities: Net cash provided by (used for) investing activities Cash flows from financing activities: Net cash provided by (used for) financing activities Net increase (decrease) in cash Cash balance, December 31, 2017 Cash balance, December 31, 2018 Noncash investing and financing activities: Requirement 2. Evaluate Noel's cash flows for the year. In your evaluation, mention all three categories of cash flows and give the rationale for your evaluation. Noel's cash flows look strong weak . Financing activities Investing activities Operating activities are the main source of cash. The company invested in new assets but was required to borrow the entire purchase price without having to borrow the entire purchase price . The financing transactions included issuing notes payable to acquire plant assets issuing stock, paying dividends, and making payments on a long-term note payable purchasing treasury stock and issuing a note payable . All of these signs are favorable unfavorable . Choose from any list or enter any number in the input fields and then continue to the next question.
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