Prepare a schedule of net cash provided by operating activities.- Prepare the Operating Activities Section of a Statement of Cash Flows using the Indirect. ?FILEHOMEINSERTPAGE LAYOUTFORMULASDATAREVIEWVIEWSigCalibri-11A A%Alignment Number Conditional Format as CellFormatting Table StylesPasteBIUCellsEditingClipboardFontStylesA1feThe following information is for FloorCo, Inc. for the year just ended:ABDEG1 The followng information is for FloorCo, Inc. for the year just ended:3Beginning of4End of yearyear5 Current assets:Cash75,000 $90,0007.Accounts receivable158,000140,0008Inventory285,000246,0009.Prepaid expenses11,00016,0001011 Current liabilities12Accounts payable284,000302,00013Accrued liabiities9,50011,20014Income taxes payable27,00024,0001516Net income2$94,5001718Accumulated depreciation19total credits45,0002021 Floor Company did not record any gains or losses during the year.2223 Prepare a schedule of net cash provided by operating activities.Use the income statement and balance sheet to prepare a statement of cash flows using the indirect methodPrepare a statement of cash flows using the indirect method - ExcelFILEHOMEINSERTPAGE LAYOUTFORMULASDATAREVIEWVIEWSign InCalibri-11A A%PasteBIUAlignment NumberConditional Format asCellCellsEditingFormatting Table StylesClipboardFontStylesB13feABDEF1 Required:2 Complete the statement of cash flows (indirect method) shown below by using formulas that reference3 data from the income statement and balance sheet (found by clicking the tabs at the bottom of this4 worksheet. Note: Blank cells may be included in calculations.INNOVATION ELECTRONICS, INC.Statement of Cash Flows8.For the Year Ended December 31, 20X29 Cash Flows from Operating Activities:10 Net income11 Adjustments to reconcile net income to net cash12 provided by operating activities:13 Depreciation expense14 Gain (on sale of land)15 Changes in current assets and current liabilities:16 Accounts receivable17 Inventory18 Prepaid insurance19 Accounts payable20 Interest payable21 Income tax payable22 Net cash provided by (used in) operating activities2324 Cash Flows from Investing Activities:>67

Cash flow from operating activities (CFO) indicates the amount of money a company brings in from its…

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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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X vog /webapps/blackboard/execute/displaylearningUnit?course_id=_15367_18content_id=_1799353_18. Complete the following problem on an EXCEL spreadsheet. PA9.) Use the following excerpts from Yardley Company's financial information to prepare a statement of cash flows (indirect method) for the year 2018. 2018 Income Statement Balance Sheets $ 455,000 (221,500) Sales Cost of Goods Sold Operating Expenses, other than depreciation expense Depreciation Expense Gain on Sale of Plant Assets Net Income (24,000) 23,500 174,400 (o09'es) Dec. 31, 2018 Cash $321,450 39,750 Accounts Receivable Inventory Accounts Payable Accrued Liabilities 000'EE 00S'E Dec. 31, 2017 $133,500 yse) Accounts Receivable Inventory Accounts Payable Accrued Liabilities 00s'9E 000'SE 19,550 00z Additional information: Plant assets were sold for $40,000; book value $16,500 Dividends of $25,000 were declared and paid 73"F Sunny
Prepare a statement of cash flows using the indirect method Excel FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Calibri A A Paste Conditional Format as Formatting Table- Styles- BIU- Alignment Number Cell Cells Editing Clipboard Font Sty es Al Note: To complete the assignment, go to the worksheet tab labeled Cash Flow INNOVATION ELECTRONICS, INC. Balance Sleel AL December 31 20X2 20X) Assets Current assets- Cash 184.420 S 68.700 134.500 33.540 11 Accounts receivable 3.D00 12 Inventory 2.980 Prepaid insurance 14 Long term assets: Investments 4.560 211100 208.500 213.0010 120100 Land 255.000 Equipment Accumulated deprecistion 18 (117.50) (101.500. 19 20 Tatal assets 395.600 717/506 22 Liabilities and Stockholders Equity 24 Curren! liabiities: Accounts payable Interest payable Income tax payable 28 Long teTm abi ies: Nates payable 30 Stckhalders equity 23 26.500 S 81000 2.300 32.500 25 3,000 30.200 26 27 29 255J00 242000 230.000 130.000 Comman stack 273.000 32 Retained…
ory Bookmarks Profiles Tab YouTube Mc Graw Hill ation.com/ext/map/index.html?_con=con&external_browser=0&launch Url=https%253A%252F%252FI... Classes N Netflix Dashboard EDU 1011 (2019-F... G Annotated Bibliog... 1 Required information [The following information applies to the questions displayed below.] 10 Q A Expenses prior years follow. Lansing Company's current-year income statement and selected balance sheet data at December 31 of the current and S (2 LANSING COMPANY Income Statement For Current Year Ended December 31 Sales revenue Cost of goods sold Depreciation expense Salaries expense Rent expense Insurance expense Interest expense Utilities expense Net income 2 2 At December 31 Accounts receivable Inventory Accounts payable Salaries payable SOF Utilities payable Prepaid insurance Prepaid rent W S # Window Help 3 LANSING COMPANY Selected Balance Sheet Accounts 20 F3 □ (20 (2 E D $ 4 $ 127,200 Current Year $ 6,600 2,980 5,400 1,080 OOD DOD F4 52,000 17,000 28,000 10,000 R 4,800…
y Bookmarks Profiles Tab Window Help S (201 (2|1 (2 | pon.com/ext/map/index.html?_con=con&external_browser=0&launch ouTube aw 11 Q Required information [The following information applies to the questions displayed below.] :9 F1 Classes N Netflix Expenses LANDMAR prior years follow. Lansing Company's current-year income statement and selected balance sheet data at December 31 of the current and For Current Year Ended December 31 Sales revenue 2 Cost of goods sold Depreciation expense Salaries expense Rent expense Insurance expense Interest expense Utilities expense Net income 2 LANSING COMPANY Income Statement @ At December 31 Accounts receivable Inventory Accounts payable Salaries payable F2 W Utilities payable Prepaid insurance Prepaid rent LANSING COMPANY Selected Balance Sheet Accounts # 3 20 F3 E Dashboard EDU 1011 (2019-F... EDU 1011 (2019-F... G Annotated Bibliog... A Study on the He... $ 4 $ 109,200 000 000 F4 Current Year $ 6,000 2,380 4,800 R 46,000 14,000 22,000 9,400 4,200…
Prepare Cashflow Statement for ABC company from the following information. Showing your workings. (Unit: CU1000)
Spreadsheet and Statement of Cash Flows The following information was taken from Lambcrson Companys accounting records:
Use a spreadsheet and the following financial information from Mineola Companys financial statements to build a template that automatically calculates the net operating cash flow. It should be suitable for use in preparing the operating section of the statement of cash flows (indirect method) for the year 2018.
Using a Spreadsheet to Prepare a Statement of Cash Flows Jane Bahr, a controller of Endicott & Thurston, prepared the following balance sheets at the end of 2019 and 2018: Required: 1. Using a spreadsheet, prepare a statement of cash flows for 2019. Assume Endicott & Thurston use the indirect method. 2. CONCEPTUAL CONNECTEON Discuss whether Endicott & Thurston appear to have matched the timing of inflows and outflows of cash.
PARNELL COMPANY Income Statement For the Year Ended December 31, 2021 ($ in thousands) Revenues and gains: Sales $890 11 $901 Gain on sale of building Expenses and loss: Cost of goods sold Salaries $ 345 129 53 Insurance 132 Depreciation Interest expense Loss on sale of equipment 59 13 731 170 Income before tax 85 Income tax expense $ 85 Net income PARNELL COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2021 and 2020 ($ in thousands) Year Change $ 61 2021 2020 Cash 152 91 Accounts receivable Inventory 342 207 135 312 57 228 120 78 181 (131) (49) 120 36 17 (37) 443 Prepaid insurance Accounts payable Salaries payable Deferred tax liability Bond discount 106 108 84 61 218
COMPLETE THE STATEMENT OF CASH FLOWS BY REFERENCING TO THE CELLS. DETERMINE THE ANSWERS BY FALLOWING THIS FORMULA SAMPLE: ='BALANCE SHEET'!C15-'BALANCE SHEET'!B15
Compute the partial statement of cash flows for the year ended December 31, 2018, s computation of net cash flows from operating activities by the indirect method. Bela template to help you structure your answer but you can simply list out the specific ty sources and uses of cash (including the amounts) from operating activities and add u amounts, if you prefer (use reverse side of paper if more space needed):
What is the IRR of the following set of cash flows? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Year 0123 Cash Flow -$ 16,100 6,800 8,100 6,600 IRR %

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