Prepare a statement of cash flows-indirect method

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Prepare a statement of cash flows-indirect method The financial statements of Pouchie Co. included the following information for the year ended December 31, 2010 (amounts in millions):

Depreciation and amortization expense

$ 520

Cash dividends declared and paid.

660

Purchase of equipment

1,640

Net income

768

Beginning cash balance.

240

Proceeds of common stock issued

296

Proceeds from sale of building (at book value)

424

Accounts receivable increase.

32

Ending cash balance

80

Inventory decrease

76

Accounts payable increase

88

Required:

Complete the following statement of cash flows, using the indirect method:

Cash Flows from Operating Activities:

Net income

$ 768

Add (deduct) items not affecting cash:


_______________________________


_______________________________


_______________________________


_______________________________


Net cash provided (used) by operating activities

$

Cash Flows from Investing Activities:


_______________________________


_______________________________


Net cash provided (used) by investing activities

$

Cash Flows from Financing Activities:

$

_______________________________


_______________________________


Net cash provided (used) by financing activities

$

Net increase (decrease) in cash for the year.

$

Cash balance, January 1, 2010

240

Cash balance, December 31, 2010

$ 80

Reference no: EM13535514

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