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Prepare a statement of cash flows indirect method

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Reference no: EM13328504

Question. Prepare a statement of cash flows indirect method The financial statements of Pouchie Co. included the following information for the year ended December 31, 2013 (amounts in millions):

Depreciation and amortization expense . . . . . . . . . . . . . . . . . . . $ 260 
Cash dividends declared and paid . . . . . . . . . . . . . . . . . . . . . . . 330
Purchase of equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 820 
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 384 
Beginning cash balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 120 
Proceeds of common stock issued . . . . . . . . . . . . . . . . . . . . . . 148 
Proceeds from sale of building (at book value) . . . . . . . . . . . . . . 212 
Accounts receivable increase . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 
Ending cash balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 
Inventory decrease . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38 
Accounts payable increase . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44

Required:

Complete the following statement of cash flows, using the indirect method:

POUCHIE CO.
Statement of Cash Flows
For the Year Ended December 31, 2013

Cash Flows from Operating Activities:

Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 384

Add (deduct) items not affecting cash:

____________________________________. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

____________________________________. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

____________________________________. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

____________________________________. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . __________

Net cash provided (used) by operating activities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ __________

Cash Flows from Investing Activities:

____________________________________. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

____________________________________. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . __________

Net cash provided (used) by investing activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ __________

Cash Flows from Financing Activities:

____________________________________. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

____________________________________. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . __________

Net cash provided (used) by financing activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ __________

Net increase (decrease) in cash for the year. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ __________

Cash balance, January 1, 2013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 120

Cash balance, December 31, 2013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 40

Reference no: EM13328504

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