Edmund Corporation accountants have assembled the following data for the year ended June 30, 2021: (Click...
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Edmund Corporation accountants have assembled the following data for the year ended June 30, 2021: (Click the icon to view the data.) Prepare EdmundCorporation's statement of cash flows for the year ended June 30, 2021The company uses the indirect method for operating activities Begin by completing the cash flows from operating activities. Then complete the remaining sections of the cash flow statement. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash.) Edmund Corporation Statement of Cash Flows (Indirect Method) Year Ended June 30, 2021 Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by (used for) operating activities: Net cash provided by (used for) operating activities ne Data table Net income $? Cost of goods sold Payment of dividends Proceeds from the issuance of common stock Sales revenue Increase in current assets other than cash Purchase of treasury stock 5,500 Other operating expenses 24,000 Purchase of equipment with cash 225,000 Decrease in current liabilities 40,000 Payment of note payable 6,000 Proceeds from sale of land Depreciation expense Print Done $110,000 31,000 44,000 9,000 26,000 30,000 10,000 us si Edmund Corporation accountants have assembled the following data for the year ended June 30, 2021: (Click the icon to view the data.) Prepare EdmundCorporation's statement of cash flows for the year ended June 30, 2021The company uses the indirect method for operating activities Begin by completing the cash flows from operating activities. Then complete the remaining sections of the cash flow statement. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash.) Edmund Corporation Statement of Cash Flows (Indirect Method) Year Ended June 30, 2021 Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by (used for) operating activities: Net cash provided by (used for) operating activities ne Data table Net income $? Cost of goods sold Payment of dividends Proceeds from the issuance of common stock Sales revenue Increase in current assets other than cash Purchase of treasury stock 5,500 Other operating expenses 24,000 Purchase of equipment with cash 225,000 Decrease in current liabilities 40,000 Payment of note payable 6,000 Proceeds from sale of land Depreciation expense Print Done $110,000 31,000 44,000 9,000 26,000 30,000 10,000 us si
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