The financial statements of Pouchie Co. included the following information for the year ended December 31, 2010

Question:

The financial statements of Pouchie Co. included the following information for the year ended December 31, 2010 (amounts in millions):
Depreciation and amortization expense . . . . . . . . . . . . . . . . . . . . . $ 520
Cash dividends declared and paid. . . . . . . . . . . . . . . . . . . . . . . . . 660
Purchase of equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,640
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 768
Beginning cash balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 240
Proceeds of common stock issued . . . . . . . . . . . . . . . . . . . . . . . . 296
Proceeds from sale of building (at book value) . . . . . . . . . . . . . . . . 424
Accounts receivable increase. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32
Ending cash balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80
Inventory decrease . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 76
Accounts payable increase . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 88

Required:
Complete the following statement of cash flows, using the indirectmethod:
The financial statements of Pouchie Co. included the following i
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...
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Accounting What the Numbers Mean

ISBN: 978-0073527062

9th Edition

Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele,

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