Spreadsheet and Statement The following 2019 information is available for Stewart Company:
Partial additional information:
(Appendix 21.1) Operating Cash Flows Spreadsheet Method Refer to the information for Stewart Company in E21-11.
Required:
Raised only on the information presented and using the direct method, prepare the cash flows from operating activities section of the 2019 statement of cash flows for Stewart using the spreadsheet method.
Prepare operating activities section in the cash flow statement under direct method of S Company for the year 2019.
Prepare operating activities section in the cash flow statement under direct method:
Table (1)
Table (2)
Working Note:
(a) Net income for the year ended 2019 is $1,140.
(b) Calculate the decrease in accounts receivable.
(c) Calculate an increase in inventory.
(d) Calculate the cost of land sold.
(e) Calculate the purchase of land.
Step 1: Calculate the balance amount of land after sale.
Step 2: Calculate the purchase of land.
(f) Calculate the Proceeds from Equipment.
(g) Calculate the Purchase of equipment.
Step 1: Calculate the balance amount of equipment after sales.
Step 2: Calculate the purchase of equipment.
(h) Calculate the Depreciation expense.
(i) Calculate an increase in accounts payable.
(j) Calculate the proceeds from issuance of common stock.
(k) Calculate the payment of dividend
Financial Accounting
College Accounting, Chapters 1-27
Financial & Managerial Accounting
Managerial Accounting: The Cornerstone of Business Decision-Making
Corporate Financial Accounting
Financial And Managerial Accounting
Accounting Information Systems
Brief Principles of Macroeconomics (MindTap Course List)
Accounting Information Systems
Principles of Economics (MindTap Course List)
Contemporary Marketing
Principles of Macroeconomics (MindTap Course List)
Principles of Microeconomics (MindTap Course List)
Management, Loose-Leaf Version
MKTG 12:STUDENT ED.-TEXT
STATISTICS F/BUSINESS+ECONOMICS-TEXT
Essentials of Business Communication (MindTap Course List)
Fundamentals of Financial Management, Concise Edition (MindTap Course List)
ECON: MICRO4 (New, Engaging Titles from 4LTR Press)
Essentials of Economics (MindTap Course List)
Foundations of Business (MindTap Course List)
Fundamentals of Financial Management (MindTap Course List)
College Accounting (Book Only): A Career Approach
Financial Accounting
Financial & Managerial Accounting
College Accounting (Book Only): A Career Approach
Accounting (Text Only)
Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)
Statistics for Business & Economics, Revised (MindTap Course List)
Fundamentals of Financial Management (MindTap Course List)
Exploring Economics
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
Pkg Acc Infor Systems MS VISIO CD
Principles of Macroeconomics (MindTap Course List)
PAYROLL ACCT.,2019 ED.(LL)-TEXT
Corporate Financial Accounting
Survey of Accounting (Accounting I)
Microeconomics
Economics For Today
Purchasing and Supply Chain Management
Economics (MindTap Course List)
Practical Management Science
Macroeconomics
Cornerstones of Cost Management (Cornerstones Series)