P11-3B. Preparing a statement of cash flowsindirect method (Learning Objective 3) 2025 min.

The 2024 comparative statement of financial position and statement of earnings of Linderman Garden Supply Inc. follow:

Linderman Garden Supply Inc. had no noncash investing and financing transactions during 2024. During the year, Linderman Garden Supply Inc. sold no land or equipment, issued no notes payable, and retired no shares.

Requirements

1. Prepare the 2024 statement of cash flows, formatting operating activities using the indirect method.

2. How will what you learned in this problem help you evaluate an investment in Linderman Garden Supply Inc.?

P11-2B. Preparing a statement of cash flowsindirect method

Data from the comparative statement of financial position of Gibsons Greenhouse Inc. at May 31, 2024, follow:

Requirements

1. Prepare Gibsons Greenhouse Inc.s statement of cash flows for the year ended May 31, 2024, using the indirect method to report cash flows from operating activities.

2. Evaluate Gibsons Greenhouse Inc.s cash flows for the year. Mention all three categories of cash flows and give the reason(s) for your evaluation.

Linderman Garden Supply Inc. Comparative Statement of Financial Position December 31, 2024 and 2023 Linderman Garden Supply Inc. Statement of Earnings Year Ended December 31, 2024 - Gibson's Greenhouse Inc.'s transactions during the year ended May 31, 2024, included