Question: Please solve this for me ! ! ! The data is all on the right side and all the requiered parts for the statements are
Please solve this for me The data is all on the right side and all the requiered parts for the statements are on the left
View the current accounts.
View the transaction data.
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Start by completing the cash flows from operating activities. Then, continue with completing the investing and financing activities sections. Finally, determine the net increase decrease in cash. Use parentheses or a minus sign for subtracting numbers that are typically shown enclosed in parentheses in a multistep income statement.
Cash flows from operating activities:
Net income
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation
Loss on sale of equipment
Increase in accounts receivable
Increase in inventories
Increase in prepaid expenses
Increase in accounts payable
Increase in income tax payable
Decrease in accrued liabilities
Required
Prepare Salrose Software Inc.s Statement of Cash Flows using the indirect method to report operating activities. Include an accompanying schedule of noncash investing and financing activities. How much of the cash used for investing activities was provided by operations?
Total adjustments
Salrose Software Inc. has assembled the data that follows for the year ended December X
View the current accounts.
Read the requirement.
Net cash provided by operating activities
Cash flows from investing activities:
Purchase of building
Purchase of longterm investment
Proceeds from sale of equipment
Collection of loan
Net cash used for investing activities
Cash flows from financing activities:
Issuance of common shares
Issuance of longterm note payable
Payment of cash dividends
Repurchase of common shares
Net cash provided by financing activities
Net increase decrease in cash
Cash balance, December X
Cash balance, December X
Noncash investing and financing activities:
Current accounts
Salrose Software Inc. has assembled the data that follows for the year ended December X
View the current accounts.
View the transaction data.
Read the requirement.
Proceeds from sale of equipment
Collection of loan
Net cash used for investing activities
Cash flows from financing activities:
Issuance of common shares
Issuance of longterm note payable
Payment of cash dividends
Repurchase of common shares
Net cash provided by financing activities
Net increase decrease in cash
Cash balance, December X
Cash balance, December X
Noncash investing and financing activities:
Acquisition of land by issuing longterm note payable
Repayment of bonds payable by issuing common shares
Total noncash investing and financing activities
How much of the cash used for investing activities was provided by operations?
Transaction data
Transaction Data for X:
Acquisition of land by issuing longterm note payable
$
Stock dividends
Collection of loan.
Depreciation expense.
Purchase of building
Repayment of bonds payable by issuing common shares
Purchase of longterm investment.
Repurchase of common shares
Loss on sale of equipment
Payment of cash dividends.
Issuance of longterm note payable to borrow cash
Net income.
Issuance of common shares for cash
Proceeds from sale of equipment.
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