Required: Prepare the statement of cash flows for ATM Software Developers using the indirect method. (Amounts to be deducted, cash outflows, and any decrease in cash should be indicated with a minus sign. Enter your answers in thousands (i.e., 10,000,000 should be entered as 10,000).) Cash Flows from Operating Activities: ATM SOFTWARE DEVELOPERS Statement of Cash Flows For the Year Ended December 31, 2024

Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter12: The Statement Of Cash Flows
Section: Chapter Questions
Problem 12.3DC
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Cash Flows from Operating Activities
Net income
Adjustments to reconcile net income to net cash flows from operating activities:
Net cash flows from operating activities
Cash Flows from Investing Activities
Net cash flows from investing activities
Cash Flows from Financing Activities
Net cash flows from financing activities
Net increase (decrease) in cash
Cash at the beginning of the period
Cash at the end of the period
Statement of Cash Flows)
For the Year Ended December 31, 2024
Listed below in random order are line items to be included in the statement of cash flows.
Cash received from the sale of land (no gain or loss)
Issuance of common stock
Depreciation expense
Increase in accounts receivable
Decrease in accounts payable
Issuance of long-term notes payable
Purchase of equipment
Decrease in inventory
Decrease in prepaid rent
Payment of dividends
Net incone
Purchase of treasury stock
Cash Flows from Operating Activities:
$ 8,650
13,075
5,465
4,090
ATM SOFTWARE DEVELOPERS
Statement of Cash Flows
For the Year Ended December 31, 2024
1,760
16,495
39,865
1,475
905
6,370
12,400
2,615
Required:
Prepare the statement of cash flows for ATM Software Developers using the indirect method. (Amounts to be deducted, cashi
outflows, and any decrease in cash should be indicated with a minus sign. Enter your answers in thousands (i.e., 10,000,000
should be entered as 10,000).)
$ 3,765
7,510
$11,275
Transcribed Image Text:Cash Flows from Operating Activities Net income Adjustments to reconcile net income to net cash flows from operating activities: Net cash flows from operating activities Cash Flows from Investing Activities Net cash flows from investing activities Cash Flows from Financing Activities Net cash flows from financing activities Net increase (decrease) in cash Cash at the beginning of the period Cash at the end of the period Statement of Cash Flows) For the Year Ended December 31, 2024 Listed below in random order are line items to be included in the statement of cash flows. Cash received from the sale of land (no gain or loss) Issuance of common stock Depreciation expense Increase in accounts receivable Decrease in accounts payable Issuance of long-term notes payable Purchase of equipment Decrease in inventory Decrease in prepaid rent Payment of dividends Net incone Purchase of treasury stock Cash Flows from Operating Activities: $ 8,650 13,075 5,465 4,090 ATM SOFTWARE DEVELOPERS Statement of Cash Flows For the Year Ended December 31, 2024 1,760 16,495 39,865 1,475 905 6,370 12,400 2,615 Required: Prepare the statement of cash flows for ATM Software Developers using the indirect method. (Amounts to be deducted, cashi outflows, and any decrease in cash should be indicated with a minus sign. Enter your answers in thousands (i.e., 10,000,000 should be entered as 10,000).) $ 3,765 7,510 $11,275
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