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Use the income statement and balance sheet to prepare a statement of cash flows using the indirect method A Prepare a statement of cash flows
Use the income statement and balance sheet to prepare a statement of cash flows using the indirect method A Prepare a statement of cash flows using the indirect method - Excel ? FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In 8 Calibri 11 A A % M Paste B I U Alignment Number Cells Editing Conditional Format as Cell Formatting Table Styles Styles Clipboard Font A1 > Required: B D A C E 6 1 Required: 2 Complete the statement of cash flows (indirect method) shown below by using formulas that reference 3 data from the income statement and balance sheet (found by clicking the tabs at the bottom of this 4 worksheet. Note: Blank cells may be included in calculations. 5 INNOVATION ELECTRONICS, INC. 7 Statement of Cash Flows 8 For the Year Ended December 31, 20X2 9 Cash Flows from Operating Activities: 10 Net income 11 Adjustments to reconcile net income to net cash 12 provided by operating activities: 13 Depreciation expense 14 Gain (on sale of land) 15 Changes in current assets and current liabilities: 16 Accounts receivable HE Moyt Use the income statement and balance sheet to prepare a statement of cash flows using the indirect method A Prepare a statement of cash flows using the indirect method - Excel ? FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In 8 Calibri 11 A A % M Paste B I U Alignment Number Cells Editing Conditional Format as Cell Formatting Table Styles Styles Clipboard Font A1 > Required: B D A C E 6 1 Required: 2 Complete the statement of cash flows (indirect method) shown below by using formulas that reference 3 data from the income statement and balance sheet (found by clicking the tabs at the bottom of this 4 worksheet. Note: Blank cells may be included in calculations. 5 INNOVATION ELECTRONICS, INC. 7 Statement of Cash Flows 8 For the Year Ended December 31, 20X2 9 Cash Flows from Operating Activities: 10 Net income 11 Adjustments to reconcile net income to net cash 12 provided by operating activities: 13 Depreciation expense 14 Gain (on sale of land) 15 Changes in current assets and current liabilities: 16 Accounts receivable HE Moyt
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