Question: Current Attempt in Progress Ivanhoe Corporation's comparative balance sheets are presented below IVANHOE CORPORATION Comparative Balance Sheets December 31 2022 2021 Cash $23,170 $11,100 Accounts

Current Attempt in Progress Ivanhoe Corporation's comparative balance sheets are presented below IVANHOE CORPORATION Comparative Balance Sheets December 31 2022 2021 Cash $23,170 $11,100 Accounts receivable 18,600 24,200 Land 18,400 26,800 Building 70,400 70,400 Accumulated depreciation (15,800) (10,400) Total $114,770 $122.100 Accounts payable $12.770 $31,900 Common stock 75,800 69,400 Retained earnings 26,200 20,800 Total $114,770 $122,100 Additional information 2. Net income was $28,700. Dividends declared and paid were $23,300. All other changes in noncurrent account balances had a direct effect on cash flows, except the change in accumulated depreciation. The land was sold for $6.300 (a) Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease cash flow with either a signes -15.000 or in parenthesis eg. (15,000 IVANHOE CORPORATION Statement of Cash Flows Adjustments to reconcile net income to -15,000 or in parenthesis eg. (15.000 IVANHOE CORPORATION Statement of Cash Flows Adjustments to reconcile net income to (b) eTextbook and Media Attempts: 0 of 5 used Submit Ar The parts of this question must be complete in order. This pad wea lete the part abov

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!