Two Way Cellular accountants have assembled the following data for the year ended September 30, 2018:(Click the icon to view the data.)Prepare the operating activities section using the indirect method for Two Way Cellular's statement of cash flows for the year ended September 30, 2018. (Use a minus sign or parentheses for amounts that result ina decrease in cash.)Two Way CellularStatement of Cash Flows (Partial)Year Ended September 30, 2018Cash Flows from Operating Activities:Net IncomeAdjustments to Reconcile Net Income toNet Cash Provided by Operating Activities:Net Cash Provided by (Used for) Operating ActivitiesIOI10esc?&@)%233.4.WERTtab polnt(s) possibles have assembled the following data for the year ended September 30, 2018:data.)-S section using the indirect method for Two Wav Cellular's statement of cash flows for the vear ended Sentember 30 2018. (LUse a minus sign or DData tableStateCash receipt from sale of land$430,000Net incomeYea2$58,000Depreciation expense3,000Cash purchase of equipmentg Activi43,000Cash payment of dividends6,100Decrease in current liabilities17,000Cash receipt from issuance of common stock15,000Increase in current assets other than cash13,000e Net InOperatiPrintDoneJsed for) Operating Activities

Cash flow is an important aspect in accounting.It refers to the amount of cash bought in the…

ion using the indirect method for Two Way Cellular's statement of cash flows for the vear ended Sentember 30. 2018 ( Use a minus sian or n Data table Cash receipt from sale of land 2$ 30,000 Net income 2$ 58,000 Depreciation expense 3,000 Cash purchase of equipment 43,000 Cash payment of dividends 6,100 Decrease in current liabilities 17,000 Cash receipt from issuance of common stock 15,000 Increase in current assets other than cash 13,000 Print Done or) Operating Activities

ion using the indirect method for Two Way Cellular's statement of cash flows for the vear ended Sentember 30. 2018 ( Use a minus sian or n Data table Cash receipt from sale of land 2$ 30,000 Net income 2$ 58,000 Depreciation expense 3,000 Cash purchase of equipment 43,000 Cash payment of dividends 6,100 Decrease in current liabilities 17,000 Cash receipt from issuance of common stock 15,000 Increase in current assets other than cash 13,000 Print Done or) Operating Activities

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter15: Statement Of Cash Flows

Section: Chapter Questions

Problem 15E

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