a. Equipment and land were acquired for cash. b. There were no disposals of equipment during the year c. The investments were sold for $104,290 cash. d. The common stock was issued for cash, e. There was a $64,710 credit to Retained Earnings for net income. t. There was a $35,810 debit to Retained Earnings for cash dividends declared. Required: Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments. Merrick Equipment Co. Statement of Cash Flows For the Year Ended December 31, 2019 Cash flows from (used for) operating activities: Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: Net cash flow from operating activities Cash flows from (used for) investing activities Net cash flow used for investing activities Cash flows from (used for) financing activities: Net cash flow from financing activities Cash balance, January 1, 20Y9 Cash balance, December 31, 20Y9 000 0000 000 100 0 0000

a. Equipment and land were acquired for cash. b. There were no disposals of equipment during the year c. The investments were sold for $104,290 cash. d. The common stock was issued for cash, e. There was a $64,710 credit to Retained Earnings for net income. t. There was a $35,810 debit to Retained Earnings for cash dividends declared. Required: Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments. Merrick Equipment Co. Statement of Cash Flows For the Year Ended December 31, 2019 Cash flows from (used for) operating activities: Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: Net cash flow from operating activities Cash flows from (used for) investing activities Net cash flow used for investing activities Cash flows from (used for) financing activities: Net cash flow from financing activities Cash balance, January 1, 20Y9 Cash balance, December 31, 20Y9 000 0000 000 100 0 0000

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Description: Please do not give solution in image format thanku a. Equipment and land were acquired for cash.b. There were no disposals of equipment during the year.c. The investments were sold for $104,290 cash.d. The common stock was issued for cash.e. There wa

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 3PA

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