Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the following information is available for bonita

The following information is available for Bonita Industries for the year ended December 31, 2022...

90.2K

Verified Solution

Question

Accounting

image
image
The following information is available for Bonita Industries for the year ended December 31, 2022 Beginning cash balance Accounts payable increase Depreciation expense Accounts receivable decrease Inventory decrease Net income Cash received for sale of land at book value Cash dividends paid Income taxes payable decrease Cash used to purchase land Cash used to redeem bonds Cash received from issuing stock $ 15,600 3,705 26,650 3,120 2,015 37,180 67,600 24,700 2,535 52,650 42,900 104,000 Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a sign e.g. - 15,000 or in parent Bonita Industries Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income 37180 Adjustments to reconcile net income to Net Cash Provided by Operating Activities For the Year Ended December 31,2022 Cash Flows from Operating Activities Net Income 37180 Adjustments to reconcile net income to Net Cash Provided by Operating Activities

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Psychology
1.2K views

6.In Raymond carver’s “Cathedral”, the narrator undergoes a life-changing experience in his climactic encounter with Robert (the...

Mechanical Engineering
1.2K views

By choosing one of the abrasion test methods applied to metals; Write how the test is...

Calculus
1.2K views

Arrange the quantities in order from smallest 2 3 km 108 000 mm 39 5...

Algebra
1.2K views

A 8 6 HAVAMAK 2 K AN y 2 x 4 B Identify the equation...

Accounting
1.2K views

T/F. Sales contracts for multiple suppliers may be agreed with a single contract requirement but...

Accounting
1.2K views

Credit cards operate as loans with compound interest, with a grace period where the loan...

Accounting
1.2K views

a- Omar Co. enters into a contract with Amal Co. to purchase 500 machines during...

Accounting
1.2K views

Sheila has been investing for several years and has done well. She is thinking that...

Accounting
1.2K views

Flounder Doggy, Inc, produces and sells corn dogs. The corn dogs are dipped by hand....

Accounting
1.2K views

The Finishing Department had 12,500 incomplete units in its beginning Work-in-Process Inventory which were 100%...

Accounting
1.2K views

Kayak Company budgeted the following cash receipts (excluding cash receipts from loans received) and cash...

Accounting
1.2K views

Financial information is presented here for two companies. (a) Fill in the missing...