Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Use given info to prepare a statement of cash flows for the year ended Dec 31, 2022, using the indirect method. last picture shows beginning
Use given info to prepare a statement of cash flows for the year ended Dec 31, 2022, using the indirect method. last picture shows beginning of how they want it formatted (idk if what i already filled in is correct though)
COMPANY Liabilities and Stockholder's Equity Assets Dec 31.2002 Dec 2011 $26.700 $8.500 350.000 112.000 Accounts payable Bonds payable Account 36,400 15.900 11500 20500 52.700 Stiventory TRADO Common stock 42.400 21.300 Prepadne 3.000 9200 Stack investments 0 15.500 Retained earnings 60,400 9,400 62000 31.000 Accumulated section L.300) 112200 Total liabilities and stockholder's equity $164.900 $85.400 5164900 185.400 Additional information: 1. 2. Net income for the year ending December 31, 2022, was $60,500. Cash dividends of $12,000 were declared and paid during the year. Stock investments on balance sheet that had a book value of $18,000 were sold for $12,500. Sales for 2022 are $140,000. 3 4. Prepare a statement of cash rows for the year ended December 31, 2022 using the Indirect method (Show amounts that deccanh flow with either a-sines 15.000 or in parentheses. (15.000 MARIN CORPORATION Statement of Cash Flows For the Year Ended December 31, 2022 Net Income (Loss 60500 Antenne Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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