Question: i need help with this please! thank you!! Use the following information of VPI Company to prepare a statement of cash flows for the year

i need help with this please! thank you!!
i need help with this please! thank you!! Use the following information
of VPI Company to prepare a statement of cash flows for the

Use the following information of VPI Company to prepare a statement of cash flows for the year ended December 31 using the Indirect method. (Amounts to be deducted should be indicated by a minus sign.) Cash balance at prior year-end $ 41,489 Gain on sale of machinery $ 2,350 Increase in inventory 6,400 Cash received from sale of machinery 10,200 Depreciation expense 5,400 Increase in accounts payable 2,200 Cash received from issuing stock 9,400 Net Income 37,000 Cash paid for dividends 2,400 Decrease in accounts receivable 4,400 VPI COMPANY Statement of Cash Flows (indirect Method) For Current Year Ended December 31 Cash flows from operating activities Adjustments to reconcile net income to not cash provided by operating activities Income statement toms not affecting cash Changes in current operating assets and liabilities 5 0 Cash flows from investing activities Changes in current operating assets and liabilities 0 Cash flows from investing activities 0 Cash flows from financing activities $ s O

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!