- Paddleboard Inc Began Operations On January 1 2019 Its Post Closing Trial Balance At December 31 2019 And 2020 Is S 1 (41.32 KiB) Viewed 41 times
- Paddleboard Inc Began Operations On January 1 2019 Its Post Closing Trial Balance At December 31 2019 And 2020 Is S 2 (38.2 KiB) Viewed 41 times
Paddleboard Inc. began operations on January 1, 2019. Its post-closing trial balance at December 31, 2019 and 2020, is shown below along with some other information Revenues Sales Cost of goods sold Gross Profit Expenses Other expenses Paddleboard Inc Income
Statement For Year Ended December 11, 2020 (000) Depreciation expense Tutal operating expenses Profit from operations Income tax expense Prefis Account Cach Padboard In Pust-Clesing Trial Balance (000) Receivables Herchandise Inventary Property, plant and ent Accumulated depreciation Investments Accounts payable Accrund liabilities Bands payable Comen shares Retained variis $3,0M 2,04 3000 December 31 2920 12,400 11, 3,700 2,520 3,000 1,00 2,00 1,300 320 1,840 1,000 7,000 2018 2,040 3,000 2,800 1,300 2,000 1,400 458 2,358 1,450 1,200 Other information regarding Paddleboard inc; and its activities during 2020 1. Assume all accounts have normaliances 2. Cash dividends were declared and paid during the year 3. There were no sales of property, plant, eno equipment assets during the year 4. Investments were sold for cash at their original cost Required Jemn the informatie a merantint cash finis adivinha inmathod for the rende Prey 90 Next >
Required: Using the information provided, prepare a
statement of cash flows (applying the indirect method) for the year ended December 31 2020 Last any deduction in cash and cash outflows as negative amounts Enter amounts in thousands, not in dollar) Cash flows from operating advies Adjustments to reconcile net income to net cash infows from operating activites Depreciation expense Increase in receivaties Decrease in merchandos inventory Increase in acourts payable Decrease in aconued tables Cash fons from inv PADDLEBOARD INC.
Statement of Cash Flows For Year Ended December 31, 2020 (0004) Cash fows from financing actes