Question: please answer everything I dont have more questions on chegg Changes in Current Operating Assets and Liabilities -Indirect Method Victor Corporation's comparative balance sheet for

please answer everything I dont have more questions on chegg
please answer everything I dont have more questions on chegg Changes in
Current Operating Assets and Liabilities -Indirect Method Victor Corporation's comparative balance sheet
for current assets and liabilities was as follows: Dec. 31, Year 2

Changes in Current Operating Assets and Liabilities -Indirect Method Victor Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $15,500 $18,400 Inventory 78,400 70,000 Accounts payable 9,000 10,500 Dividends payable 27,000 25,000 Adjust net income of $113,400 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. Cash Flows from Operating Activities-Indirect Method Staley Inc. reported the following data: Net income Depreciation expense Loss on disposal of equipment Increase in accounts receivable $388,600 61,000 30,700 26,100 10,000 Increase in accounts payable Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments. Staley Inc. Statement of Cash Flows (partial) Cash flows from operating activities: Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: Net cash flow from operating activities Land Transactions on the Statement of Cash Flows Alpha Corporation purchased land for $245,000. Later in the year, the company sold a different piece of land with a book value of $110,000 for $99,000. How are the effects of these transactions reported on the statement of cash flows? Use the minus sign to indicate cash outflows, cash payments, decreases in cash and for any adjustments, if required. If a transaction has no effect on the statement of cash flows, select "No effect" from the drop down menu and leave the amount box blank. Transactions Action Gain or loss on sale of land Cash received from sale of land Cash paid for purchase of land No effect Added to net income Deducted from net income Part of cash flows from financing activities Part of cash flows used for investing activities

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