Question

Waldorf, Incorporated provided the following balance sheet, income statement, and cash flow information for the current year. (Click the icon to view the balance sheet.) (Click the icon to view the income statement.) E (Click the icon to view the cash flow information.) Requirement Prepare the statement of cash flows under the indirect method for Waldorf, Incorporated. Accrued expenses relate to Selling, Gener Complete the statement one section at a time, beginning with the cash flows from operating activities. (Use a minus sign or parenth is not used in the statement, leave the box empty: do not select a label or enter a zero.) Waldorf, Incorporated Partial Statement of Cash Flows (Indirect Method) For the Year Ended December 31 Operating Activities: Cash Collected from Customers Adjustments to Reconcile Net Income to Cash Flows 4635 Choose from any list or enter any number in the input fields and then click Check Answer.

Answer 1

Cash flow Statement(Indirect Method) Cash flow from Operating Activities Net Income | $ 8,600 Adjustments to reconcile Net Income to Cash flows Add: Depreciation Expenses $ 2,300 Increase in Accounts Receivable $ -200 7600-7800 Decrease in Merchandise Inventory $ 1,600 4100-2500 Decrease in Prepaid Rent $ 600 2000-2000 Increase in Accounts Payable $ 3,385 4400-1015 Increase in Accured Expenses $ 5,050 10200-5150 Increase in Income Tax payable $ 1,800 6400-4600 Net Cash flow from Operating Activities A $ 23,135 Cash flow from Investing Activities Sale of Investment activities $ 12,700 given Purchase of property.plant & Equipment $-19,800 given Net Cash flow from Investing Activities B $ -7,100 Cash flow from Financing Activities Repayments of notes payable $-11,900 given Cash from Issuance of Common stock | $ 5.200 given Cash dividend paid $ -4,700 given Net Cash from Financing Activties C $-11,400 Net Cash flow (A+B+C) Add:Cash balance Opening Closing Cash balance $ $ $ 4,635 3,300 7,935