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University of Texas, El Paso *

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2010

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Accounting

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Jan 9, 2024

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Question list % 1< Eduardo Corporation accountants have assembled the following data for the year ended June 30, 2021: B (Click the icon to view the data.) Prepare the operating activities section of Eduardo's statement of cash flows for the year ended June 30, 2021. The company uses the indirect method for operating cash flows. (Use parentheses or a minus sign for numbers to be Question 1 subtracted and for a net decrease in cash.) C=D Question 2 Eduardo Corporation Question 3 Statement of Cash Flows (Indirect Method) Year Ended June 30, 2021 Cash flows from operating activities: Question 4 Net income $ 63,000 Adjustments to reconcile net income to : net cash provided by (used for) operating activities: Question 5 P A Lop 9 Depreciation $ 13,000 Decrease in current assets other than cash 36,000 ' Al Question 6 Increase in current liabilities 18,000 67,000 A Net cash provided by (used for) operating activities 130,000 Question 7 Question 8 Q - X Data table ¢ Net income $ ? Cost of goods sold $ 116,000 N Payment of dividends 6,200 Other operating expenses 30,000 Proceeds from the issuance of common stock 28,000 Purchase of equipment with cash 38,000 Sales revenue 222,000 Increase in current liabilities 18,000 N Decrease in current assets other than cash 36,000 Payment of note payable 26,000 Purchase of treasury stock 5,000 Proceeds from sale of land 30,000 A Depreciation expense 13,000 N Print Done A
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