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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:
$ 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
Cash balance, December 31, 2010
$ 80
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