XYZ Inc's comparative balance sheets are presented below. XYZ Inc. Comparative Balance Sheets 31-Dec Additional informat
Posted: Fri Jul 01, 2022 8:48 am
XYZ Inc's comparative balance sheets are presented below.
XYZ Inc.
Comparative Balance Sheets
31-Dec
Additional information:
Net income was $17,700. Dividends declared and paid were$9,300.
Equipment which cost $11,000 and had accumulated depreciation of$2,000 was sold for $4000
All other changes in noncurrent account balances had a directeffect on cash flows, except the change in accumulateddepreciation.
Instruction
Prepare a statement of cash flows for 2021 using the indirectmethod.
If the answer is $123,456 please type123456
No commas, no $ signs
For any negative line items do not put a negative sign(-) Do not write the negative line item in parenthesis. If the lineitem is -$1,000 just type 1000
Round to nearest integer, if necessary.
Net Income
Depreciation
Loss on equipment sale
Change In A/R
Change in A/P
Cash flow from Operations
Sale of equipment
Change in Investments
Cash from Investing
Change in Bonds Payable
Issue of Common Stock
Dividends
Cash from Financing
Change in Cash
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XYZ Inc.
Comparative Balance Sheets
31-Dec
Additional information:
Net income was $17,700. Dividends declared and paid were$9,300.
Equipment which cost $11,000 and had accumulated depreciation of$2,000 was sold for $4000
All other changes in noncurrent account balances had a directeffect on cash flows, except the change in accumulateddepreciation.
Instruction
Prepare a statement of cash flows for 2021 using the indirectmethod.
If the answer is $123,456 please type123456
No commas, no $ signs
For any negative line items do not put a negative sign(-) Do not write the negative line item in parenthesis. If the lineitem is -$1,000 just type 1000
Round to nearest integer, if necessary.
Net Income
Depreciation
Loss on equipment sale
Change In A/R
Change in A/P
Cash flow from Operations
Sale of equipment
Change in Investments
Cash from Investing
Change in Bonds Payable
Issue of Common Stock
Dividends
Cash from Financing
Change in Cash
PreviousNext