Question: Prepare Two Way Cellular's statement of cash flows using the indirect method for the year ended November 30, 2024. Assume beginning and ending cash are



Two Way Cellular Statement of Cash Flows Year Ended November 30, 2024 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: Net Cash Provided by (Used for) Operating Activities Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities: Net Cash Provided by (Used for) Financing Activities Not Increnea (Norregeal in Caeh Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities: Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Cash Balance, November 30, 2023 Cash Balance, November 30, 2024 - Data Table itid $ $ Cash receipt from sale of land Depreciation expense Cash payment of dividends Cash receipt from issuance of common stock 28,000 Net income 3,000 Cash purchase of equipment 5,600 Decrease in current liabilities 22,000 Increase in current assets other than cash 36,000 41,000 17,000 13,000 tivit Print Done
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
