The following information is taken from Green Bay Corporation's financial statements. Green Bay adheres to ASPE....
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The following information is taken from Green Bay Corporation's financial statements. Green Bay adheres to ASPE. Cash and cash equivalents Accounts receivable - net Inventory Prepaid expenses Land Buildings Accumulated depreciation Patents, net Total assets December 31 2023 2022 $92,000 $90,500 $145,000 $7,500 $6,800 $93,000 $60,000 $287,000 $244,000 ($35,000) ($13,000) $20,000 $35,000 $700,000 $611,700 $90,000 $84,000 $54,000 $63,000 $125,000 $60,000 $100,000 $100,000 $331,000 $304,700 $611,700 Accounts payable Accrued liabilities Bonds payable ¡Common shares Retained earnings Total liabilities & shareholders' equity $700,000 $27,000 $76,900 $175,000 Other information: Net income Depreciation expense Amortization of patents Cash dividends declared and paid Gain or loss on disposal of patents Instruction With proper title and presentable format, prepare a statement of cash flow using the indirect method for Green Bay Corporation for the year ending December 31, 2023. (16 marks) $53,300.00 $22,000.00 $7,000.00 ??? $0 The following information is taken from Green Bay Corporation's financial statements. Green Bay adheres to ASPE. Cash and cash equivalents Accounts receivable - net Inventory Prepaid expenses Land Buildings Accumulated depreciation Patents, net Total assets December 31 2023 2022 $92,000 $90,500 $145,000 $7,500 $6,800 $93,000 $60,000 $287,000 $244,000 ($35,000) ($13,000) $20,000 $35,000 $700,000 $611,700 $90,000 $84,000 $54,000 $63,000 $125,000 $60,000 $100,000 $100,000 $331,000 $304,700 $611,700 Accounts payable Accrued liabilities Bonds payable ¡Common shares Retained earnings Total liabilities & shareholders' equity $700,000 $27,000 $76,900 $175,000 Other information: Net income Depreciation expense Amortization of patents Cash dividends declared and paid Gain or loss on disposal of patents Instruction With proper title and presentable format, prepare a statement of cash flow using the indirect method for Green Bay Corporation for the year ending December 31, 2023. (16 marks) $53,300.00 $22,000.00 $7,000.00 ??? $0
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Statement of Cash Flows For the Year Ended December 31 2023 Green Bay Corporation Indirect Method Op... View the full answer
Related Book For
Financial Reporting and Analysis
ISBN: 978-0078025679
6th edition
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
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