Question

The income statement and additional data of Boost Plus, Inc. follows: Re E(Click the icon to view the income statement.)i(Click the icon to view the additional data.) se Prepare Boost Plus's statement of cash flows for the year ended September 30, 2016, using the indirect method. Include a separate section for non-cash investing and financing activities. ed Complete the statement one section at a time, beginning with the cash flows from operating activities. (Use parentheses or a minus sign for number to be subtracted. If a box is not used in the statement, leave the box empty, do not select a label or enter a zero.) Pa ab Boost Plus, Inc. ab Statement of Cash Flows Stc Ea Year Ended September 30, 2016 Cash Flows from Operating Activities 62000 's Net Income ep me Adjustments to Reconcile Net Income to Net Cash Choose from any list or enter any number in the input fields and then continue to the next question OP Ret

Answer 1

Answer-

BOOST PLUS INC.
STATEMENT OF CASH FLOWS (USING INDIRECT METHOD)
FOR THE YEAR ENDED 31 DECEMBER 2016
Particulars		Amount
		$
Cash flow from operating activities
Net Income		62000
Adjustments to reconcile net income to net cash provided by operating activities
Adjustment for non cash effects
Depreciation & amortization expense		22000
Change in operating assets & liabilities
Decrease in accounts receivable		15000
Increase in inventory		-8000
Increase in accounts payable		18000
Decrease in accrued liabilities		-7000
Net cash flow from operating activities (a)		102000
Cash Flow from Investing activities
New plant assets purchased		-102000
Land sold		28000
Net cash Flow from Investing activities (b)		-89000
Cash Flow from Financing activities
Cash dividends paid		-12000
Common stock issued		33000
Notes paid		-15000
Net cash Flow from Financing activities (c)		6000
Net Change in cash c=a+b+c		34000
Beginning cash balance		1000
Closing cash balance		35000
Schedule of non cash investing & financing activities
Issuance of notes for plant assets		16000