Please do not give solution in image format thanku Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 orin parenthesis e.g. (15,000))Cash Flows from Operating ActivitiesNet IncomeAdjustments to reconcile net income toCash Flows from Operating ActivitiesDepreciation ExpenseKingbird, Inc.Statement of Cash Flows-Indirect MethodFor the Year Ended December 31, 2022Decrease in Accounts ReceivableDecrease in InventoryIncrease in Accounts PayableDecrease in Income Taxes PayableDecrease in Income Taxes PayableNet Cash Provided by Operating ActivitiesCash Flows from Investing ActivitiesSale of LandSale of LandCash Flows from Investing ActivitiesCash Flows from Financing ActivitiesCash Flows from Financing ActivitiesVNet Cash Provided by Operating ActivitiesCash at Beginning of Period The following information is available for Kingbird, Inc. for the year ended December 31, 2022.Beginning cash balanceAccounts payable decreaseDepreciation expenseAccounts receivable increaseInventory increase*Net incomeCash received for sale of land at book valueCash dividends paidIncome taxes payable increaseCash used to purchase buildingCash used to purchase treasury stockCash received from issuing bonds$47,3003,900170,1008,60011,600298,30036,80012,6004,900303,50027,300210,000Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign eg.-15,000 orin parenthesis eg. (15,000))Kingbird, Inc.Statement of Cash Flows-Indirect Method

Name: Please do not give solution in image format thanku Prepare a statement
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Description: Please do not give solution in image format thanku Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 orin parenthesis e.g. (15,000))Cash Flows from Operating ActivitiesNe

The cash flow statement is prepared to record the cash flow from various activities during the…

Business

Accounting

The following information is available for Kingbird, Inc. for the year ended December 31, 2022 Beginning cash balance $47.300 Accounts payable decrease 3,900 170,100 8,600 11,600 298,300 36,800 12.600 4,900 Depreciation expense Accounts receivable increase Inventory increase Net income Cash received for sale of land at book value Cash dividends paid Income taxes payable increase Cash used to purchase building Cash used to purchase treasury stock Cash received from issuing bonds 303,500 27,300 210,000 Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign ex-15,000 or in parenthesis eg (15,0001)

The following information is available for Kingbird, Inc. for the year ended December 31, 2022 Beginning cash balance $47.300 Accounts payable decrease 3,900 170,100 8,600 11,600 298,300 36,800 12.600 4,900 Depreciation expense Accounts receivable increase Inventory increase Net income Cash received for sale of land at book value Cash dividends paid Income taxes payable increase Cash used to purchase building Cash used to purchase treasury stock Cash received from issuing bonds 303,500 27,300 210,000 Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign ex-15,000 or in parenthesis eg (15,0001)

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter6: Statement Of Cash Flows

Section: Chapter Questions

Problem 20E

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