The financial statements of Pouchie Co. included the following information for the year ended December...
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Accounting
The financial statements of Pouchie Co. included the following information for the year ended December 31, 2019 (amounts in millions):
Depreciation and amortization expense
$
130
Cash dividends declared and paid
165
Purchase of equipment
410
Net income
192
Beginning cash balance
60
Proceeds of common stock issued
74
Proceeds from sale of building (at book value)
106
Accounts receivable increase
8
Ending cash balance
20
Inventory decrease
19
Accounts payable increase
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. (i.e., 5,000,000 should be entered as 5))
POUCHIE CO.
Statement of cash Flows
For the year ended December 31, 2019
Cash flows from operating activities:
?
#?
Add (deduct) items not affecting cash:
?
#?
?
#?
?
#?
?
#?
?
#?
?
Cash flows from investing activities:
?
#?
?
#?
?
#?
?
Cash flows from financing activities:
?
#?
?
#?
?
#?
?
?
#?
Cash balance, January 1, 2019
#?
Cash balance, December 31, 2019
The financial statements of Pouchie Co. included the following information for the year ended December 31, 2019 (amounts in millions):
|
|
|
|
Depreciation and amortization expense | $ | 130 |
|
Cash dividends declared and paid |
| 165 |
|
Purchase of equipment |
| 410 |
|
Net income |
| 192 |
|
Beginning cash balance |
| 60 |
|
Proceeds of common stock issued |
| 74 |
|
Proceeds from sale of building (at book value) |
| 106 |
|
Accounts receivable increase |
| 8 |
|
Ending cash balance |
| 20 |
|
Inventory decrease |
| 19 |
|
Accounts payable increase |
| 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. (i.e., 5,000,000 should be entered as 5))
POUCHIE CO.
Statement of cash Flows
For the year ended December 31, 2019
Cash flows from operating activities: |
|
|
? | #? |
|
Add (deduct) items not affecting cash: |
|
|
? | #? |
|
? | #? |
|
? | #? |
|
? | #? |
|
? | #? |
|
? |
|
|
Cash flows from investing activities: |
|
|
? | #? |
|
? | #? |
|
? | #? |
|
? |
|
|
Cash flows from financing activities: |
|
|
? | #? |
|
? | #? |
|
? | #? |
|
? |
|
|
? |
| #? |
Cash balance, January 1, 2019 |
| #? |
Cash balance, December 31, 2019 |
|
|
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