Prepare a statement of cash lows, using the indirect method of presenting cash flows from operating activities. Refer to...

 

 

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Prepare a statement of cash lows, using the indirect method of presenting cash flows from operating activities. Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. Be sure to complete the heading of the statement. Enter amounts that represent cash outflows as negative numbers using a minus sign. Livers Inc. Statement of Cash Flows (Label) 1 Cash flows from operating activities: 3 Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: Instructions Statement of Cash Flows 13 Cash flows from investing activities: 14 15 16 17 18 19 Cash flows from financing activities: 20 21 22 25 24 Cash at the beginning of the year 25 Cash at the end of the year Instructions 11 Liabilities and Stockholders' Equity 12 Accounts payable (merchandise creditors) $340,000.00 $300,000.00 13 Accrued expenses payable (operating expenses) 45,000.00 50,000.00 14 Dividends payable 30,000.00 25,000.00 15 Common stock, $4 par 700,000.00 600,000.00 16 Paid-in capital: Excess of issue price over par-common stock 200,000.00 175,000.00 17 Retained earnings 1,360,000.00 950,000.00 18 Total liabilities and stockholders' equity $2,675,000.00 $2,100,000.00 Additional data obtained from an examination of the accounts in the ledger for 20Y3 are as follows: a. The investments were sold for $175,000 cash. b. Equipment and land were acquired for cash. c. There were no disposals of equipment during the year. d. The common stock was issued for cash.

Answer rating: 100% (QA)