FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The following statement of cash flows template is being utilized by Alliance Technologies. All amounts are in thousands (000s). ALLIANCE TECHNOLOGIES Statement of Cash Flows For the year ended December 31, 2021 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 $1,965 7,985 $ 9,950 Cash at the end of the period The following items are to be included in the statement of cash flows. $ 8,500 12,700 5,390 3,940 1,685 16,120 39,490 1,400 830 6,220 10,900 2,540 Cash received from the sale of land 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 income Purchase of treasury stock Requlred: Using the indirect method, prepare the statement of cash flows for Alliance Technologies. (LIst cash outflows and any decrease In cash as negative amounts. Enter your answers In thousands (1.e., 10,000,000 should be entered as 10,000).)
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Transcribed Image Text:The following statement of cash flows template is being utilized by Alliance Technologies. All amounts are in thousands (000s). ALLIANCE TECHNOLOGIES Statement of Cash Flows For the year ended December 31, 2021 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 $1,965 7,985 $ 9,950 Cash at the end of the period The following items are to be included in the statement of cash flows. $ 8,500 12,700 5,390 3,940 1,685 16,120 39,490 1,400 830 6,220 10,900 2,540 Cash received from the sale of land 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 income Purchase of treasury stock Requlred: Using the indirect method, prepare the statement of cash flows for Alliance Technologies. (LIst cash outflows and any decrease In cash as negative amounts. Enter your answers In thousands (1.e., 10,000,000 should be entered as 10,000).)
cash as negative amounts. Enter your answers In thousands (1.e., 10,000,000 should be entered as 10,000).) ALLIANCE TECHNOLOGIES Statement of Cash Flows For the Year Ended December 31, 2021 Cash Flows from Operating Activities Adjustments to reconcile net income to net cash flovs 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 Cash at the beginning of the period Cash at the end of the period
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Transcribed Image Text:cash as negative amounts. Enter your answers In thousands (1.e., 10,000,000 should be entered as 10,000).) ALLIANCE TECHNOLOGIES Statement of Cash Flows For the Year Ended December 31, 2021 Cash Flows from Operating Activities Adjustments to reconcile net income to net cash flovs 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 Cash at the beginning of the period Cash at the end of the period
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