Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. need help with correcting statement of cash flows.

Need help with correcting statement of cash flows. Cash flows statement must show changes in...

90.2K

Verified Solution

Question

Accounting

Need help with correcting statement of cash flows. Cash flows statement must show changes in operating, investing, and financing. I've included the original problem, then also attached the work I've done and the feedback on changes that should be made to correct.
image
image
image
image
4. Depreciation of SLAOO is included in uperating expense: Required: SANTANA INDUSTRIES Statement of Cash Flows For the Year Ended December 31, 2024 ( $ in thousands) Cash Flows from Operating Activities Net Income Adjustments for noncash effects: Depreciation expense Loss on sale of equipment $4,800 Changes in operating assets and liabilities: Decrease in Accounts Receivable 1600 Decrease in Inventory Increase in Prepaid Rent Increase in Accounts Payable Increase in Interest Payable 0 Increase in Deferred Revenue Decrease in Income Taxes Payable (300) Net cash flows from operating activities (1000) 50 300 100 200 (250) EXPLANATION: Missing the cash flows from investing and financing sections. Amounts should be

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

Q

Complete the table for this pat blue beads 1 2 3 9 black beads 7...

Basic Math
Q

In a survey of 3939 ​adults, 705 say they have seen a ghost. Construct a​ 99%...

Statistics
Q

A student left 40.0 mL of a bottle of 12.0 M HCl out overnight. The next...

Chemistry
Q

A multiple choice exam has six possible answers for each question For each correct answer...

Basic Math
Q

The area of an 19-cm-wide rectangle is 380 cm. What is its length?The length is...

Basic Math
Q

Factor the polynomial completely using trial and error 50p 145p 15 Submit Question

Algebra
Q

A survey is done in London and people are questioned in 6 out of 32...

Algebra
Q

Rupert's Appliance Warehouse (RAW) delivers appliances to retailers throughout the city. The firm...

Accounting
Q

What is the best way to raise capital for a small company organized as a...

Accounting
Q

Tharaldson Corporation makes a product with the following standard costs: The company reported the following...

Accounting
Q

The Culver Inc., a manufacturer of low-sugar, low-sodium, low-cholesterol TV dinners, would like to increase...

Accounting
Q

Bustillo Incorporated is working on its cash budget for March. The budgeted beginning cash balance...

Accounting