Use the following information regarding the Newcastle Corporation to prepare a statement of cash flows using the indirect method: Accounts payable decrease $9,500 Accounts receivable increase 13,300 Wages payable decrease 5,700 Amortization expense 30,400 Cash balance, January 1 57,000 Cash balance, December 31 13,300 Cash paid as dividends 11,400 Cash paid to purchase land 190,000 Cash paid to retire bonds payable at par 142,500 Cash received from issuance of common stock 85,500 Cash received from sale of equipment 22,800 Depreciation expense 74,100 Gain on sale of equipment 26,600 Inventory increase 24,700

Use the following information to calculate the net cash provided or used by financing activities. (a) Paid $29,800 cash to settle long-term notes payable at its $29,800 maturity value. (b) Acquired machinery for $12,900 cash. (c) Paid cash dividend of $13,900. (d) Net Income was $10,900. (e) Issued common stock for $40,900 cash. Statement of Cash Flows (partial) Cash flows from financing activities

Effect of Transactions on Cash Flows State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash flows: a. Retired $310,000 of bonds, on which there was $3,100 of unamortized discount, for $322,000. b. Sold 7,000 shares of $30 par common stock for $59 per share. c. Sold equipment with a book value of $48,700 for $70,100. d. Purchased land for $406,000 cash. e. Purchased a building by paying $51,000 cash and issuing a $110,000 mortgage note payable. f. Sold a new issue of $180,000 of bonds at 99. g. Purchased 2,900 shares of $25 par common stock as treasury stock at $46 per share. h. Paid dividends of $2.00 per share. There were 25,000 shares issued and 4,000 shares of treasury stock. a. b. C. d. e. f. 9. h. Effect Amount

How do I prepare a statement of cash flow's using the indirect method?

Baird Incorporated presents its statement of cash flows using the indirect method. The following accounts and corresponding balances were drawn from the company's Year 2 and Year 1 year-end balance sheets. Account Title Accounts receivable Year 2 $15,000 Accounts payable $ 8,400 Year 1. $19,500 $10, 150 The Year 2 income statement showed net income of $28,700. Required a. Prepare the operating activities section of the statement of cash flows. (Amounts to be deducted should be indicated with minus sign.) Cash flows from operating activities Net cash flow from operating activities $ 0

Not Graded   Statement of Cash Flows (Indirect Method)Use the following information regarding the Newcastle Corporation to prepare a statement of cash flows using the indirect method:  Accounts payable decrease $5,000 Accounts receivable increase 7,000 Wages payable decrease 3,000 Amortization expense 16,000 Cash balance, January 1 30,000 Cash balance, December 31 7,000 Cash paid as dividends 6,000 Cash paid to purchase land 100,000 Cash paid to retire bonds payable at par 75,000 Cash received from issuance of common stock 45,000 Cash received from sale of equipment 12,000 Depreciation expense 39,000 Gain on sale of equipment 14,000 Inventory increase 13,000 Net income 96,000 Prepaid expenses increase 8,000   Remember to use negative signs with answers when appropriate. NEWCASTLE CORPORATIONStatement of Cash FlowsFor Year Ended December 31 Cash Flow from Operating Activities Net Income Answer Add (deduct) items to convert net income to…

Using the Exhibit below, assume that the balance of Accounts Payable was $60,000 at the beginning of the current year.  Furthermore, assume that the balance of Accounts Payable is $65,000 at the end of the current year.  When preparing the Statement of Cash Flow using the indirect method for the current year, which of the following statements would describe the proper presentation of accounts payable on the Cash flow from operating activities section? EXHIBIT                                                                                           Increase                                                                                     (Decrease)      Net Income (loss)                                                         $XXX Adjustments to reconcile net income to net cash flow        from operating activities:    Depreciation of fixed assets                                       XXX    Losses on disposal of assets                                      XXX    Gains on disposal of…

The item listed below belongs on the Statement of Cash Flows.  Using formulas and cell links, complete the Statement of Cash Flows. Items for the Statement of Cash Flowws 01/01/21   12/31/21   Increase (Decrease)     Davidson Company Statment of Cash Flow For the Year Ended Dec, 31,2021         Cash 42,000   60,000                     Accounts Recevable 254,000   314,200         Cash Flows from operation activities           Inventory 78,500   117,100                     Accounts Payable 164,200   204,800         Net Cash Provided used by operating Activities           Short-term notes Payable 65,000   27,200                                     Cash Flows from investing Activities           Net income for 2021 230,200                         Purchase of Equipment 84,000             Net Cash Provided used by investing Activities           Depreciation Expense 26,600                         Payments of Cash Dividends 91,600             Cash Flows from Financing…

Effect of Transactions on Cash Flows State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash flows: a. Retired $220,000 of bonds, on which there was $2,200 of unamortized discount, for $229,000. b. Sold 12,000 shares of $15 par common stock for $23 per share. c. Sold equipment with a book value of $47,400 for $68,300. d. Purchased land for $436,000 cash. e. Purchased a building by paying $58,000 cash and issuing a $110,000 mortgage note payable. f. Sold a new issue of $240,000 of bonds at 97. g. Purchased 3,300 shares of $25 par common stock as treasury stock at $48 per share. h. Paid dividends of $2.50 per share. There were 28,000 shares issued and 4,000 shares of treasury stock. a. b. C. d. e. f. Effect Cash payment Cash receipt Cash receipt Cash payment ✓ Cash payment - ✓ Cash receipt ✔ ✓ ✓ g. Cash payment -✔ h. Cash payment Amount 229,000 ✓ 161,000 X 100000

Statement of Cash Flows (Indirect Method)Use the following information regarding the Newcastle Corporation to prepare a statement of cash flows using the indirect method: Accounts payable decrease $7,000 Accounts receivable increase 9,800 Wages payable decrease 4,200 Amortization expense 22,400 Cash balance, January 1 42,000 Cash balance, December 31 9,800 Cash paid as dividends 8,400 Cash paid to purchase land 140,000 Cash paid to retire bonds payable at par 105,000 Cash received from issuance of common stock 63,000 Cash received from sale of equipment 16,800 Depreciation expense 54,600 Gain on sale of equipment 19,600 Inventory increase 18,200 Net income 134,400 Prepaid expenses increase 11,200   Remember to use negative signs with answers when appropriate. NEWCASTLE CORPORATIONStatement of Cash FlowsFor Year Ended December 31 Cash Flow from Operating Activities Net Income Answer Add (deduct) items to convert net income to cash basis…