Do changes in assets and liabilities, Net cash provided (used) by operating activities, Investment activities, Net Cash provided (used) for financing activities, net change in cash and cash equivalents, cash and cash equivalents (beginning of period), cash and cash equivalents (end period) are calculated/broken down correctly to represent the statement of Cash flow using the indirect method. As well as calculating return to shareholders (average stockholders Equity).

  

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2 Statement of Cash Flows (Indirect Method) 3 For the Year Ended December 31, 2022 4 5 6 Net income 7 Adjustments to reconcile net income to net cash form operating activities: 8 9 10 Changes in assets and liabilities: 11 Depriciation Expenses Account Receivable Inventory Other Current Liabilities Accrude Expenses Accounts Payable Other Current Assets 12 13 14 15 16 17 18 19 Net cash provided (used) by operating activities 20 Investing activities: 21 Property, Plant, & Equipment 22 Other Long-Term Assets 23 Net cash used for investing activities 24 Financing activities: 25 Payment of Long-Term Debt 26 27 Net cash provided (used) for financing activities 28 Net change in cash and cash equivalents 29 Cash and cash equivalents-beginning of period 30 Cash and cash equivalents - end of period 31 32 $ $ 42,420 8,000 (17,500) (68,420) (1,500) 8,500 9,500 5,000 (14,000) 3,000 -5000 (2,000) (5,000) (5,000) (21,000) 42,500 21,500 2 Statement of Cash Flows (Indirect Method) 3 For the Year Ended December 31, 2022 4 5 6 Net income 7 Adjustments to reconcile net income to net cash form operating activities: 8 9 10 Changes in assets and liabilities: 11 Depriciation Expenses Account Receivable Inventory Other Current Liabilities Accrude Expenses Accounts Payable Other Current Assets 12 13 14 15 16 17 18 19 Net cash provided (used) by operating activities 20 Investing activities: 21 Property, Plant, & Equipment 22 Other Long-Term Assets 23 Net cash used for investing activities 24 Financing activities: 25 Payment of Long-Term Debt 26 27 Net cash provided (used) for financing activities 28 Net change in cash and cash equivalents 29 Cash and cash equivalents-beginning of period 30 Cash and cash equivalents - end of period 31 32 $ $ 42,420 8,000 (17,500) (68,420) (1,500) 8,500 9,500 5,000 (14,000) 3,000 -5000 (2,000) (5,000) (5,000) (21,000) 42,500 21,500

Answer rating: 100% (QA)

To calculate the changes in assets and liabilities and prepare a statement of cash flows using the indirect method follow these steps 1 Changes in Ass... View the full answer