Question
Write me the statement of cash flow using the direct method for operating activities. T he Statement Of income and unclassified Statement Of financial position
Write me the statement of cash flow using the direct method for operating activities.
T he Statement Of income and unclassified Statement Of financial position for Ivanhoe Inc. followe Ivanhoe Inc. Statement Of Financial Position December 31 Cash Accounts receivable Estimated inventory returns Long-term investrnents Equipment Accumulated depreciation Total assets Liabilities Shareholders' Equity Accounts payable Property tax payable Refund iability Bank loan payabletorrent portion Bank loan C omrnon s h arcs Retained earnings Total liabilities and shareholders' equity 80.100 129.000 1.750 94.500 291.500 (48.500) "31.950 $63200 11.300 12&000 14.100 240.000 176510 "31.950 $47200 37.500 101.000 1.100 106.000 205.000 (40.100) 3457.700 $48.700 18.300 10.100 202.000 117.640 3457.700 Ivanhoe Inc. Statement Of In corne Year Ended December 31.2024 Sale S Cost Of goods sold Gross profit Operating expenses Income from operations Other and expenses Interest Realized loss on sale Of long-term investments In C Ome before income tax Income tax expense Net income Additional information regard ing 2024: $12,900 6,600 $318,000 100,400 217.600 82,100 135,500 19,500 116.000 27,940 4. Long-term investments Were sold for $4,900, resulting in a realized loss Of $6.600_ New equipment costing $142. OOOwas purchased for S 72.300 cash and a $69.700 bank loan payable. Equipment costing $55,500 Was sold for $15,500, resulting in a gain Of Accounts payable relate to merchandise suppliers; property tax payable relates to operating expenses. A dividend Was paid during the Operating expenses include $5 9.000 Of depreciation expense and an $10,600 gain on disposal Of equiprnent. The company iSSLkd cornrnon shares for $60,000 cash and bought back and retired some Other cotmrnon shares at the COSt they were originally issued at.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started