Use the following information of VPI Company to prepare a statement of cash flows for the...

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Use the following information of VPI Company to prepare a statement of cash flows for the year ended December 31 using the indirect method. Note: Amounts to be deducted should be indicated by a minus sign. Cash balance at prior year-end Increase in inventory Depreciation expense Cash received from issuing stock Cash paid for dividends $ 41,400 Gain on sale of machinery 6,400 Cash received from sale of machinery 5,400 Increase in accounts payable 9,400 Net income 2,400 Decrease in accounts receivable $ 2,350 10,200 2,200 37,000 4,400 VPI COMPANY Statement of Cash Flows (Indirect Method) Cash flows from operating activities For Current Year Ended December 31 Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Changes in current operating assets and liabilities Cash flows from investing activities Cash flows from financing activities Use the following information of VPI Company to prepare a statement of cash flows for the year ended December 31 using the indirect method. Note: Amounts to be deducted should be indicated by a minus sign. Cash balance at prior year-end Increase in inventory Depreciation expense Cash received from issuing stock Cash paid for dividends $ 41,400 Gain on sale of machinery 6,400 Cash received from sale of machinery 5,400 Increase in accounts payable 9,400 Net income 2,400 Decrease in accounts receivable $ 2,350 10,200 2,200 37,000 4,400 VPI COMPANY Statement of Cash Flows (Indirect Method) Cash flows from operating activities For Current Year Ended December 31 Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Changes in current operating assets and liabilities Cash flows from investing activities Cash flows from financing activities

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Answer VPI COMPANY Statement of Cash Flows Indirect Method For Current Year Ended December 31 Cash f... View the full answer