FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in
parenthesis e.g. (15,000))
Blossom Company
Statement of Cash Flows-Indirect Method
Adjustments to reconcile net income to
eTextbook and Media
DOLO
$
MacBook Air
expand button
Transcribed Image Text:Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000)) Blossom Company Statement of Cash Flows-Indirect Method Adjustments to reconcile net income to eTextbook and Media DOLO $ MacBook Air
Current Attempt in Progress
The following information is available for Blossom Company for the year ended December 31, 2022.
Beginning cash balance
Accounts payable increase
Depreciation expense
Accounts receivable decrease
Inventory decrease
Net income
Cash received for sale of land at book value
Cash dividends paid
Income taxes payable decrease
Cash used to purchase land
Cash used to redeem bonds
Cash received from issuing stock
$ 32,400
7,695
55,350
6,480
Adjustments to reconcile net income to
4,185
77,220
140,400
51,300
5,265
109,350
89,100
25,000
Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign
parenthesis e.g. (15,000).)
Blossom Company
Statement of Cash Flows-Indirect Method
MacBook Air
expand button
Transcribed Image Text:Current Attempt in Progress The following information is available for Blossom Company for the year ended December 31, 2022. Beginning cash balance Accounts payable increase Depreciation expense Accounts receivable decrease Inventory decrease Net income Cash received for sale of land at book value Cash dividends paid Income taxes payable decrease Cash used to purchase land Cash used to redeem bonds Cash received from issuing stock $ 32,400 7,695 55,350 6,480 Adjustments to reconcile net income to 4,185 77,220 140,400 51,300 5,265 109,350 89,100 25,000 Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign parenthesis e.g. (15,000).) Blossom Company Statement of Cash Flows-Indirect Method MacBook Air
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