Question
In: Accounting
Create a cash flow statement for Whatchamacallit Corp. using the indirect method from the following information:...
Create a cash flow statement for Whatchamacallit Corp. using the indirect method from the following information:
2018 2019
Accounts Payable $123,000 $47,000
Accounts Receivable $450,000 $330,000
Bonds Payable $80,000 $100,000
Buildings $672,000 $447,000
Common Stock $250,000 $310,000
Inventory $325,000 $485,000
Land $428,000 $553,000
Prepaid Insurance $72,000 $63,000
Unearned Revenue $210,000 $65,000
Beginning Cash = $82,000
Depreciation Expense = $56,000
Net Income = $260,000
Solutions
ekkarill92 answered 1 year agoRelated Solutions
Create the statement of cash-flow with indirect method Interpret the result of the statement of cash...
Create the statement of cash-flow with indirect
method
Interpret the result of the statement of cash flow with
percentage
Instruction:
[1] Please use the balance sheet as follows to classify each
activity (operating, investing, and financing) from the column of
different.
[2] please create a new statement of cash-flow from your
classification on balance sheet.
[3] The statement of cash flow will be provided to measure the
company’s cash flow situation. Also, you need to interpret the
result of your...
Requirements: Create Baylor's 2023 Cash Flow Statement using the INDIRECT METHOD Baylor Company's 2023 income statement...
Requirements: Create Baylor's 2023 Cash Flow Statement
using the INDIRECT METHOD
Baylor Company's 2023 income statement and comparative balance
sheets at December 31, 2022 and 2023 are shown below.
Baylor
Income Statement
2023
Sales
750,000
Dividend Income
15,000
Gain on Sale of Investments
10,000
Total Revenue
775,000
Cost of Goods Sold
440,000
Wages and Other Operating Expenses
130,000
Depreciation Expense
38,000
Patent Amortization Expense
8,000
Interest Expense
12,000
Income Tax Expense...
In preparing a company's statement of cash flows using the indirect method , the following information...
In preparing a company's statement of cash flows using the
indirect method , the following information is available:
Net income $76,000
Accounts payble increaded by 20,400
accounts receivable decreased by 27,400
inventories increased by 9,800
depreciation expense 37,200
Net cash provided by operating activities was?
Based on the following information, prepare the statement of cash flows using the indirect method.  
Based on the following information, prepare the statement of
cash flows using the indirect method.
New Guy Company
Balance Sheet
2019
2018
Change
Current assets:
Cash
$108,000
$131,500
($23,500)
Accounts
receivable
102,000
71,000
31,000
Inventory
101,000
70,000
31,000
Marketable
securities
4,000
28,000
(24,000)
Prepaid
expenses
20,000
26,000
(6,000)
Long-term assets
Plant & equipment (net)
296,000
175,000
121,000
Land
52,000
91,000
(39,000)
Patent
53,000
53,000
0
Total
Assets
736,000
645,500
Current liabilities:
Accounts
payable
41,000
69,000
(28,000)...
Based on the following information, prepare the statement of cash flows using the indirect method.  
Based on the following information, prepare the statement of
cash flows using the indirect method.
New Guy Company
Balance Sheet
2019
2018
Change
Current assets:
Cash
$108,000
$131,500
($23,500)
Accounts
receivable
102,000
71,000
31,000
Inventory
101,000
70,000
31,000
Marketable
securities
4,000
28,000
(24,000)
Prepaid
expenses
20,000
26,000
(6,000)
Long-term assets
Plant & equipment
(net)
296,000
175,000
121,000
Land
52,000
91,000
(39,000)
Patent
53,000
53,000
0
Total
Assets
736,000
645,500
Current liabilities:
Accounts
payable
41,000
69,000
(28,000)...
Based on the following information, prepare the statement of cash flows using the indirect method.  
Based on the following information, prepare the statement of
cash flows using the indirect method.
New Guy Company
Balance Sheet
2019
2018
Change
Current assets:
Cash
$108,000
$121,500
($13,500)
Accounts
receivable
102,000
141,000
(39,000)
Inventory
101,000
60,000
41,000
Marketable
securities
4,000
18,000
(14,000)
Prepaid
expenses
20,000
36,000
(16,000)
Long-term assets
Plant & equipment
(net)
296,000
185,000
111,000
Land
52,000
31,000
21,000
Patent
53,000
53,000
0
Total
Assets
736,000
645,500
Current liabilities:
Accounts
payable
41,000
34,000
7,000
Interest...
Prepare a cash flow statement using the indirect method Lomax Income Statement Sales . . ....
Prepare a cash flow statement using the indirect method
Lomax Income Statement
Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$2,000,000
Cost of goods sold . . . . . . . . . . . . . . . . .
1,300,000
Gross margin . . . . . . . . . . . . . ....
Assuming a cash flow statement is prepared using the indirect method, indicate the reporting of the...
Assuming a cash flow statement is prepared using the
indirect method, indicate the
reporting of the transactions and events listed below by major
categories on the
statement. Use the following code letters to indicate the
appropriate category under which
the item would appear on the cash flow statement.
Codes:
A
Cash flows from operating activities (Add to profit)
D
Cash flows from operating activities (Deduct from profit)
IA
Cash flows from investing activities
FA
Cash flows from financing activities
Category...
Indirect method vs. Direct method for Cash Flow Statement The indirect method considers the opening and...
Indirect method vs. Direct method for Cash Flow Statement
The indirect method considers the opening and closing balance of
ledger accounts in determining the movements and computing cash
flows. If there are wrong postings in the ledger account the cash
flows determined are not accurate since only opening and closing
balances are considered. In direct method since each line item of
ledger is classified into cash and non cash it leads to accurate
computation of cash flows.
The indirect method...
Question 3: Please create a statement of cash flow with indirect method- Please provide answers to...
Question 3: Please create a statement of cash flow with indirect
method- Please provide answers to each category and a one paragraph
analysis of the cash flow using the indirect method.
Statement of Cash Flow with Indirect method
2011
2010
Difference
Operating
Investing
Financing
ASSETS:
Current Assets
Cash and equivalents
$ 2,291.1
$ 2,133.9
Short-term investments
1,164.2
642.2
Account receivable
2,883.9
2,795.3
Inventory
2,357.0
2,438.4
Prepaid expenses and other assets
765.6
602.3...
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