The following information for 2018 was presented by Zola Company who uses the indirect method to prepare its statement of cash flows:             •           Retained earnings, beginning balance: $125,000             •           Retained earnings, ending balance:        $117,000 Company reported net loss of $6,000 for the year. Which of the following figure is the correct dividends paid during the year? Question 9Answer a. $2,000 b. $3,000 c. $5,000 d. Zero

The comparative balance sheet of Whitman Co. at December 31, 2016 and 2015, is as follows: The noncurrent asset, noncurrent liability, and stockholders equity accounts for 2016 are as follows: Instructions Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities.

Statement of Cash Flows The following are Mueller Companys cash flow activities: a. Net income, 68,000 b. Increase in accounts receivable, 4,400 c. Receipt from sale of common stock, 12,300 d. Depreciation expense, 11,300 e. Dividends paid, 24,500 f. Payment for purchase of building, 65,000 g. Bond discount amortization, 2,700 h. Receipt from sale of long-term investments at cost, 10,600 i. Payment for purchase of equipment, 8,000 j. Receipt from sale of preferred stock, 20,000 k. Increase in income taxes payable, 3,500 l. Payment for purchase of land, 9,700 m. Decrease in accounts payable, 2,900 n. Increase in inventories, 10,300 o. Beginning cash balance, 18,000 Required: Prepare Mueller Company's statement of cash flows.

In the current year, Harrisburg Corporation had net income of 35,000, a 9,000 decrease in accounts receivable, a 7,000 increase in inventory, an 8,000 increase in salaries payable, a 13,000 decrease in accounts payable, and 10,000 in depreciation expense. Using the indirect method, prepare the operating activities section of its statement of cash flows based on this information.

Preparing a Statement of Cash Flows Volusia Company reported the following comparative balance sheets for 2019: Required: Prepare a statement of cash flows for Volusia using the indirect method to compute net cash flow from operating activities.

Use the comparative balance sheet and the additional information provided to prepare a cash flow statement for Yannik Inc for the year ended 12/31/2021. Cash Accounts receivable (net) Inventory Equipment Accumulated depreciation TOTAL Accounts payable Notes payable - Long-term Common stock Retained earnings TOTAL Notes 2021 900,000 600,000 900,000 1,500,000 (600,000) 3,200,000 650,000 700,000 1,200,000 750,000 3,200,000 2020 700,000 500,000 750,000 1,200,000 (500,000) 2,650,000 400,000 800,000 1,000,000 450,000 2,650,000 1. Net income was $400,000. 2. Net income include a loss on sale of equipment equal to $20,000. The equipment had a book value of $80,000 at the time of sale. 3. Depreciation for the year was $100,000 4. Dividends of 100,000 have been declared and paid. 5. Increases or decreases in Equipment, Common Stock or Notes Payable refers to relevant purchases, issuances sales or retirements.

REQUIRED Study the statement of cash flows of Mantis Limited for the year ended 31 December 2021 and answer the following questions: Calculate the following for the year ended 31 December 2021: Depreciation  Dividends paid  Of what significance is this statement of cash flows to the shareholders of Mantis Limited?  Comment on the following: Cash flows from operating activities (R181 800)  1.3.2. Increase in inventory (R808 000)                                                                           Increase in receivables (R606 000)  Interest paid (R80 800)  Cash flows from investing activities (R2 343 200)    INFORMATION     MANTIS LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2021   R Cash flows from operating activities (181 800) Operating profit 979 700 Depreciation ? Profit before working capital changes ? Working capital changes (808 000) Increase in inventory (808 000) Increase in receivables…

Find the Common Size and Trend Analysis for three years for the Cash Flow Statements of Excel Corporation.

The following information for the 2018 was provided by Zapata Company who uses the indirect method to prepare its statement of cash flows:  Long-term notes payable, beginning balance    $90,000 Long-term notes payable, ending balance           84,000 Common stock, beginning balance                          2,000 Common stock, ending balance                           80,000 Retained earnings, beginning balance                 74,000 Retained earnings, ending balance                    113,000 Treasury stock, beginning balance                         5,000 Treasury stock, ending balance                              8,000              •           No stock was retired.             •           No treasury stock was sold.             •           During 2018, the company repaid $40,000 of long-term notes payable.             •           During 2018, the company borrowed $34,000 on a new note payable.             •           Net income for the year was $49,000.  How much was the net cash flow…

The following information for the 2018 was provided by Zapata Company who uses the indirect method to prepare its statement of cash flows: Long-term notes payable, beginning balance $90,000 Long-term notes payable, ending balance 84,000 Common stock, beginning balance 2,000 Common stock, ending balance 80,000 Retained earnings, beginning balance 74,000 Retained earnings, ending balance 113,000 Treasury stock, beginning balance 5,000 Treasury stock, ending balance 8,000 • No stock was retired. • No treasury stock was sold. • During 2018, the company repaid $40,000 of long-term notes payable. • During 2018, the company borrowed $34,000 on a new note payable. • Net income for the year was $49,000. How much was the net cash flow from financing activities? a. $9,000 negative cash flow b. $9,000 positive cash flow c. $69,000 positive cash flow d. $59,000 positive cash flow