Question: plase answer each blue square thank you !!! Return to course Statement of Cash Flows (Indirect Method) Use the following information regarding the Newcastle Corporation

plase answer each blue square thank you !!!  plase answer each blue square thank you !!! Return to course
Statement of Cash Flows (Indirect Method) Use the following information regarding the
Newcastle Corporation to prepare a statement of cash flows using the indirect

Return to course Statement of Cash Flows (Indirect Method) Use the following information regarding the Newcastle Corporation to prepare a statement of cash flows using the indirect method: Accounts payable decrease $7,500 Accounts receivable increase 10,500 Wages payable decrease 4.500 Amortization expense 24,000 Cash balance, January 1 45,000 Cash balance, December 31 10,500 Cash paid as dividends 9,000 Cash paid to purchase land 150,000 Cash paid to retire bonds payable at par 112.500 Cash received from issuance of common stock 67,500 Cash received from sale of equipment 18.000 Depreciation expense 58.500 21000 Gain on sale of equipment 19.500 Inventory increase Not income 144,000 12,000 Prepaid expenses increase Remember to use negative signs with answers when appropriate. NEWCASTLE CORPORATION Statement of Cash Flows For Year Ended December 31 Cash Flow from Operating Activities Net Income Add (deduct) items to convert net income to cash basis Depreciation Amortization Gain on Sale of Equipment Accounts Receivable Increase Inventory Increase Prepaid Expenses increase Accounts Payable Decrease Wages Payable Decrease Cash Flow Provided by Operating Activities Cash Flow from Investing Activities Sale of Equipment Purchase of Land ooooooooooo M Sale of Equipment Purchase of Land Cash Used by Investing Activities Cash Flow from Financing Activities Issuance of Common Stock Retirement of Bonds Payable Payment of Dividends Cash Used by Financing Activities Net Decrease in Cash Cash at Beginning of Year Cash at End of Year OOOOOOOO Previous B Save Answers

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!