thank you! The following statement of cash flows template is being utilized by Alliance Technologies. All amounts are in thousands (000s).ALLIANCE TECHNOLOGIESStatement of Cash FlowsFor the year ended December 31, 2021Cash Flows from Operating ActivitiesNet incomeAdjustments to reconcile net income to net cash flows from operatingactivities:Net cash flows from operating activitiesCash Flows from Investing ActivitiesNet cash flows from investing activitiesCash Flows from Financing ActivitiesNet cash flows from financing activitiesNet increase (decrease) in cashCash at the beginning of the period$1,9657,985$ 9,950Cash at the end of the periodThe following items are to be included in the statement of cash flows.$ 8,50012,7005,3903,9401,68516,12039,4901,4008306,22010,9002,540Cash received from the sale of landIssuance of common stockDepreciation expenseIncrease in accounts receivableDecrease in accounts payableIssuance of long-term notes payablePurchase of equipmentDecrease in inventoryDecrease in prepaid rentPayment of dividendsNet incomePurchase of treasury stockRequlred:Using the indirect method, prepare the statement of cash flows for Alliance Technologies. (LIst cash outflows and any decrease Incash as negative amounts. Enter your answers In thousands (1.e., 10,000,000 should be entered as 10,000).) cash as negative amounts. Enter your answers In thousands (1.e., 10,000,000 should be entered as 10,000).)ALLIANCE TECHNOLOGIESStatement of Cash FlowsFor the Year Ended December 31, 2021Cash Flows from Operating ActivitiesAdjustments to reconcile net income to net cash flovs from operating activitiesNet cash flows from operating activitiesCash Flows from Investing ActivitiesNet cash flows from investing activitiesCash Flows from Financing ActivitiesNet cash flows from financing activitiesCash at the beginning of the periodCash at the end of the period

TOllowing statement lows template is being ized by Alliance lechnologie All amounts are in thousands (000s). ALLIANCE TECHNOLOGIES Statement of Cash Flows For the year ended December 31, 2021 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 Cash at the beginning of the period Cash at the end of the period $1,965 7,985 $9,950 The following items are to be included in the statement of cash flows. $ 8,5e0 12,780 5,390 Cash received from the sale of land Issuance of common stock Depreciation expense Increase in accounts rereivahle 3.948

TOllowing statement lows template is being ized by Alliance lechnologie All amounts are in thousands (000s). ALLIANCE TECHNOLOGIES Statement of Cash Flows For the year ended December 31, 2021 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 Cash at the beginning of the period Cash at the end of the period $1,965 7,985 $9,950 The following items are to be included in the statement of cash flows. $ 8,5e0 12,780 5,390 Cash received from the sale of land Issuance of common stock Depreciation expense Increase in accounts rereivahle 3.948

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter12: The Statement Of Cash Flows

Section: Chapter Questions

Problem 12.21MCE

See similar textbooks

Similar questions

Use the following information from Juniper Companys financial statements to prepare the operating activities section of the statement of cash flows (indirect method) for the year 2018.
The financial statements for Romeo and Company follow. Assume that the additional investment and the withdrawals were in the form of cash. Required Prepare a statement of cash flows for the year ended December 31, 2018. Check Figure Net cash flows from operating activities, 172,000
Use the following excerpts from Kayak Companys financial information to prepare the operating section of the statement of cash flows (indirect method) for the year 2018.
Use the following information from Coconut Companys financial statements to prepare the operating activities section of the statement of cash flows (indirect method) for the year 2018.
The comparative balance sheet of Coulson, Inc. at December 31, 20Y2 and 20Y1, is as follows: The noncurrent asset, noncurrent liability, and stockholders equity accounts for 20Y2 are as follows: Instructions Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities.
Use the following information from Eiffel Companys financial statements to prepare the operating activities section of the statement of cash flows (indirect method) for the year 2018.
Determining Cash Flows from Investing Activities Burns Companys 2019 and 2018 balance sheets presented the following data for equipment: During 2019, equipment costing $41,000 with accumulated depreciation of $36,700 was sold for cash, producing a $3,200 gain. Required: 1. Calculate the amount of depreciation expense for 2019. 2. Calculate the amount of cash spent for equipment during 2019. 3. Calculate the amount that should be included as a cash inflow from the disposal of equipment.
Use the following excerpts from OpenAir Companys financial information to prepare a statement of cash flows (indirect method) for the year 2018.
Use the following excerpts from Unigen Companys financial information to prepare the operating section of the statement of cash flows (indirect method) for the year 2018.
Use a spreadsheet and the following financial information from Mineola Companys financial statements to build a template that automatically calculates the net operating cash flow. It should be suitable for use in preparing the operating section of the statement of cash flows (indirect method) for the year 2018.
Use the following excerpts from Mountain Companys financial information to prepare a statement of cash flows (indirect method) for the year 2018.