- Work Lock Key Inc Began Operations On January 1 2019 Its Post Closing Trial Balance At December 31 2019 And 2020 1 (48.38 KiB) Viewed 34 times
- Work Lock Key Inc Began Operations On January 1 2019 Its Post Closing Trial Balance At December 31 2019 And 2020 2 (38.23 KiB) Viewed 34 times
work Lock & Key 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 Lock & Key Inc. Income
Statement For Year Ended December 31, 2020 (000s) Cost of goods sold Gross Profit Expenses: Other expenses Depreciation expense Total expenses Loss Account Cash Lock & Key Inc. Post-Closing Trial Balance (000) Receivables Herchandise inventory Property, plant and equipment Accumulated depreciation $ 720 240 Accounts payable Accrued liabilities Bonds payable Connon shares Retained earnings $3,200 2,890 370 960 $ 590 December 31 2019 $ 1,200 1,300 2020 $ 1,500 2,040 1,900 3,600 1,350 1,388 240 1,140 3,024 2,076 3,220 3,900 1,320 1,020 260 1,740 1,570 2,400 Other Information regarding Lock & Key Inc. and its activities during 2020: 1. Assume all accounts have normal balances 2. Cash dividends were declared and paid during the year 3. Equipment was sold for cash equal to its book value. churl=https%253A%252F%252Fnewconnect.mheducat Required: Using the information provided, prepare a
statement of cash flows (applying the indirect method) for the year ended December 31, 2020. (List any deduction in cash and cash outflows and loss as negative amounts. Enter amounts in thousands, not in dollar) LOCK&KEY INC.
Statement of Cash Flows Prev 10 10
Ded Book Pom Required: Using the Information provided, prepare a
statement of cash flows (applying the Indirect method) for the year ended December 31, 2020 (List any deduction in cash and cash outflows and loss as negative amounts. Enter amounts in thousands, not in dollar) erences LOCK & KEY INC.
Statement of Cash Flows For Year Ended December 31, 2020 (000) Cash flows from operating activities Adjustments to reconcile profit to net cash inflows from operating activities Cash flows from investing activities Cash flows from financing activites S + Pitty N 168