The statement of cash flows

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Reference no: EM13899957

1.Complete the following spreadsheet in preparation of the statement of cash flows. (The statement of cash flows is not required.) Prepare the spreadsheet as in Exhibit 16A.1; report operating activities under the indirect method. Identify the debits and credits in the Analysis of Changes columns with letters that correspond to the following transactions and events a through h.

1644_267-B-M-A-S-C-F (2063).png

a. Net income for the year was $ 100,000. 

b. Dividends of $ 80,000 cash were declared and paid. 

c. Scoreteck's only noncash expense was $ 70,000 of depreciation. 

d. The company purchased plant assets for $ 70,000 cash.

e. Notes payable of $ 20,000 were issued for $ 20,000 cash. 

f. Change in accounts receivable.

g. Change in merchandise inventory. 

h. Change in accountspayable.

Reference no: EM13899957

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