Accounting Assignment | College Homework Help

Part 01 – 5 Points – Indirect Statement of Cash Flows Create the “Operating Section” of the statement of cash flows using the indirect method (ONLY THE OPERATING SECTION). Statement of Cash Flows – Indirect Review 2024 2.000 65,000 Balance Sheet – Selected info. 2025 Cash 12 000 Accounts Receivable 125,000 Inventory Prepaid Insurance 75 000 Property Plant & Equip 300 000 Accumulated Depreciation 20,000) Accounts Payable 23,000 Salaries Payable 15,000 Notes Payable (Short-Term) 14,000 Dividends Payable Bonds Payable 25,000 Utilities Expense Salaries Expense 25,000 Notes Payable (long-Term) 12,000 Common Stock 75,000 Retaimed Earnings 292,000 Other Information (2025) Loss on Sale of Equipment 9.000 Cash Received on Equip Sale 3,000 Depreciation Expense 70,000 Amortization Expense 30.000 Dividend Paid 30.000 Dividend Declared 25,000 Net Income 650,000 Create the Operating Section for the 2025 statement of cash flows (indirect) 25,000 100,000 (5,000) 13.000 3.000 10,000 5,000 23.000 10,000 13,000 12,000 75 000 31.000 12.000 Place your answer on this page operating section only, Indirect method). Part 02 – 5 Points – Direct Statement of Cash Flows Statement of Cash Flows – Direct Method (only) – Current Period 2040 You should use the below information to find the below “operating section” cash events (direct method). A/R Prepaid Insurance Salaries Payable Sales Insurance Expense Salaries Expense 2040 250,000 25,000 27,000 760,000 23,000 110,000 2039 120,000 5,000 14,000 75,000 2,000 43,000 Your answers will need to be in the below spaces. Cash Received from Customers Cash Paid for Insurance Cash Paid for Salaries Get Accounting homework help today