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Nathan Herrmann has completed the basic format to be used in preparing the statement of cash flows indirect method for CEO

 Nathan Herrmann has completed the basic format to be used in preparing the statement of cash flows (indirect method) for CEO Consultants.

 

CEO Consultants

Statement of Cash Flows

For the Year Ended December 31, 2015

 

Cash Flows from Operating Activities

 

 

 

Net income

 

 

 

 

Adjustments to reconcile net income to net cash flows from operating activities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net cash flows from operating activities

 

 

 

 

 

 

 

 

 

Cash Flows from Investing Activities

 

 

 

 

 

 

 

 

 

Net cash flows from investing activities

 

 

 

 

 

 

 

 

 

Cash Flows from Financing Activities

 

 

 

 

 

 

 

 

 

Net cash flows from financing activities

 

 

 

 

Net increase (decrease) in cash

 

 

(50,000)

 

Cash at the beginning of the period

 

 

95,000

 

Cash at the end of the period

 

 

$45,000

 

 

 

 

 

 

         

 

Listed below in random order are line items to be included in the statement of cash flows.

 

Purchase of equipment        $220,000

Increase in inventory30,000

Increase in prepaid rent10,000

Payment of dividends40,000

Depreciation expense20,000

Increase in accounts receivable60,000

Increase in accounts payable10,000

Loss on sale of land  7,000

Net income70,000

Repayment of notes payable50,000

Cash received from the sale of land              3,000

Issuance of common stock          250,000

 

Prepare the statement of cash flows for CEO Consultants using the indirect method.

Jan 27 2020 View more View Less

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