Question

The financial statements of Pouchie Co. included the following information for the year ended December 31, 2019 (amounts in millions): $ 130 165 410 S Depreciation and amortization expense Cash dividends declared and paid Purchase of equipment Net income Beginning cash balance Proceeds of conmon stock issued Proceeds from sale of building (at book value) Accounts receivable increase Ending cash balance Inventory decrease Accounts payable increase 192 60 74 106 8 20 19 22 Required: 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. (l.e., 5,000,000 should be entered as 5)) POUCHIE CO Statement of Cash Flows For the Year Ended December 31, 2019 (in millions) Cash flows from operating activities Add (deduct) items not affecting cash Prey 8 of 9 Next >

Answer 1

CO. $ 192 Net income $ 130 $ 19 8 22 8) POUCHIE Sladement of Cash Flows for the Year Ended December 31, 2019 (in millions ) Cashflows from operating andinities: AddCdeduct)ilame not alloding cashi Depreciation and anodization eu pense Loventory decrease Accounk payable increase Accounts receivable increase Nel caso provided by Openating adividis Cash flows from iowarding aedvidies Sale of building Cadbook yalve? 106 Purchase of equipment ! (410) Nel cubused by investing activities Cash flows from financing acdividies. formon stock issued 165 $ 355 $ (304) 89 74 Cash dividends declared and paid Neçcach used by financing cedividien Veldecrease in cash for the year Cash balance Jan 1 2014 Cash balance Dec 31, 2019 & (91) $ (40) $ 60 q 20 Este