Statement of cash flows—indirect method- a spreadsheet is attached Obj. 2, 3, 4, 5The comparative balance sheet of Livers Inc. for December 31, 20Y3 and 20Y2, is shown as follows: Additional data obtained5 from an examination of the accounts in the ledger for 20Y3 are as follows: The investments were sold for $175,000 cash. Equipment and land were acquired for cash. There were no disposals of equipment during the year. The common stock was issued for cash. There was a $500,000 credit to Retained Earnings for net income. There was a $90,000 debit to Retained Earnings for cash dividends declared. Instructions Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities.

Statement of cash flows—indirect method- a spreadsheet is attached Obj. 2, 3, 4, 5The comparative balance sheet of Livers Inc. for December 31, 20Y3 and 20Y2, is shown as follows: Additional data obtained5 from an examination of the accounts in the ledger for 20Y3 are as follows: The investments were sold for $175,000 cash. Equipment and land were acquired for cash. There were no disposals of equipment during the year. The common stock was issued for cash. There was a $500,000 credit to Retained Earnings for net income. There was a $90,000 debit to Retained Earnings for cash dividends declared. Instructions Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities.

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Description: Statement of cash flows—indirect method- a spreadsheet is attached Obj. 2, 3, 4, 5The comparative balance sheet of Livers Inc. for December 31, 20Y3 and 20Y2, is shown as follows: Additional data obtained5 from an examination of the accounts in th

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.4.13P: Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of...

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