THIS IS AN ACCOUNTING (EXCEL) PRACTICE PROBLEM! Please read the instructions carefully. Please construct an indirect cash flow statement in Excel for year 4 (the information for year 4 can be found in the images (Exhibit 3.27) that I attached to this question).
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THIS IS AN ACCOUNTING (EXCEL) PRACTICE PROBLEM!
Please read the instructions carefully.
Please construct an indirect cash flow statement in Excel for year 4 (the information for year 4 can be found in the images (Exhibit 3.27) that I attached to this question).
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- Using the financial statements and additional information below, construct an indirect cash flow statement in Excel for year 4. As long as you are following general cash flow formatting rules (e.g. operating section, investing section, financing section), you can format it as you see fit. Remember that these reports should be clean, easy to read and understand, and useful for decision-making purposes.Match (by letter) the following items with the description or example that best fits. Each letter is used only once.Terms1. Operating activities.2. Investing activities.3. Financing activities.4. Noncash activities.5. Indirect method.6. Direct method.7. Depreciation expense.8. Cash return on assets.Descriptionsa. Begins with net income and then lists adjustments to net income in order to arrive at operating cash flows.b. Item included in net income, but excluded from net operating cash flows.c. Net cash flows from operating activities divided by average total assets.d. Cash transactions involving lenders and investors.e. Cash transactions involving net income.f. Cash transactions for the purchase and sale of long-term assets.g. Purchase of long-term assets by issuing stock to seller.h. Shows the cash inflows and outflows from operations such as cash received from customers and cash paid for inventory, salaries, rent, interest, and taxes.Prepare an Income Statement and Cash Flow Statement. In excel form pls. Thank u!
- Which one of the following shows the sections of a cash flow statement correctly?Select one:a. Operating, Investing, Financingb. Investing, Financing, Leasingc. Operating, Financing, IFRS Reportingd. Operating, Investing, FactoringIdentify the section of the statement of cash flows (a–d) where each of the following items would be reported.a. Operating activitiesb. Financing activitiesc. Investing activitiesd. Schedule of noncash financing and investing Increase in income taxes payable Where does this will be on the cash flow statement ?Provide iand Create nformation needed to create a Statement of Cash Flows using the Indirect Method. You MUST include: Net Income At least 3 items that go under operating activities. At least 2 items that go under investing activities. At least 2 items that go under financing activities. And 1 non-cash transaction.
- Please show handwritten solutions, thanks! Also include the cash flow diagram stated in the instructions, thanks!PLEASE SHOW APPRIPRAITE FORMULA THAT NEEDS TO BE INSERTED COMPLETE THE STATEMENT OF CASHFLOWS(INDERECT METHOD) BY REFEREING TO THE TWO IMAGES PRESENTEDes Dan Watson started a small merchandising business in Year 1. The business experienced the following events during its first year of operation. Assume that Watson uses the perpetual inventory system. 1. Acquired $25,500 cash from the issue of common stock. 2. Purchased inventory for $20,400 cash. 3. Sold inventory costing $18,900 for $30,000 cash. Required: a. Use a horizontal financial statements model to show how each event affects the balance sheet, income statement, and statement of cash flows. More specifically, record the amounts of the events into the model. Also, in the Statement of Cash Flows column, classify the cash flows as operating activities (OA), investing activities (IA), or financing activities (FA). b. Prepare an income statement for Year 1 (use the multistep format). c. What is the amount of total assets at the end of the period? Complete this question by entering your answers in the tabs below. Required A Required B Required C Use a horizontal financial…
- Question 6:- What is the difference between preparing the Operating section of the cash flow statement With the direct method vs. The indirect method? What is horizontal financial statement analysis? How is Operating Margin calculated and what does it measure?Question 12 of 20: Select the best answer for the question. 12. Financial statements report financial data for either a period of time or for a particular date. Which of the following financial statements reports financial information for a particular date. OA. Both the balance sheet and the income statement OB. The cash flow statement OC. The income statement OD. The balance sheet Mark for review (Will be highlighted on the review page) Next Question >> "(participation expected < You would find asset, liability, and equity accounts on which of the following statements? OA. Statement of cash flows B. Balance sheet OC. Statement of retained earnings OD. Income statement