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Complete the statement of cash flows

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Reference no: EM132932077

The financial statements of Pouchie Co. included the following information for the year ended December 31, 2019 (amounts in millions):

Depreciation and amortization expense$260

Cash dividends declared and paid 305

Purchase of equipment 843

Net income 512

Beginning cash balance 112

Proceeds of common stock issued 200

Proceeds from sale of building (at book value) 230

Accounts receivable increase 9

Ending cash balance 244

Inventory decrease 37

Accounts payable increase 50

Required:

Problem 1: Complete the following statement of cash flows, using the indirect method. (Amounts to be deducted should be indicated by a minus sign. Enter your answers in millions (i.e., 5,000,000 should be entered as 5).)

Reference no: EM132932077

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