Question: Hello! please help me , I need to fill out this statement of cash flows in this xcel format template. Please help me fill out
Hello! please help me I need to fill out this statement of cash flows in this xcel format template. Please help me fill out the template correctly.
The following changes took place last year in Pavolik Company's balance sheet accounts:
Longterm investments that cost the company $ were sold during the year for $ and land that cost $ was
sold for $ In addition, the company declared and paid $ in cash dividends during the year. Besides the
sale of land, no other sales or retirements of plant and equipment took place during the year. Pavolik did not
retire any bonds during the year or issue any new common stock.
The company's income statement for the year follows:
The company's beginning cash balance was $ and its ending balance was $
Required:
Use the indirect method to determine the net cash provided by operating activities for the year.
Prepare a statement of cash flows for the year.
Exercise
Pavolik Company
Statement of Cash Flows
For the Year Ended December
Net Cash from Operating Activities:
Step
Net Income
Step
Depreciation Expense
Step Current Adjustments
Step LossesGains
Net Cash Provided by Operating Activities
Net Cash Used by Investing Activites:
Net Cash Used by Investing Activities
Net Cash Provided by Financing Activities:
Net Cash Provided by Financing Activities
Net Change in Cash
Beginning Cash
Ending Cash
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