Use the following information from Berlin Company's financial statements. Dec. 31, 2018 Dec. 31, 2017 Assets Cash $31,000 $24,000 Accounts Receivable 10,500 12,000 Prepaid Assets 1,200 1,000 Total Assets $42,700 $37,000 Liabilities and Equity Accrued Liabilities 1,700 1,800 Common Stock 34,000 33,000 Retained Earnings 7,000 2,200 Total Llabilities and Equity $42,700 $37,000 Additional Information: Net Income $6,000 Dividends Paid 1,200 Prepare the operating activities section of the statement of cash flows (indirect method) for the year 2018. Use the minus sign to indicate cash outflows, a decrease in cash or cash payments. Berlin Company Statement of Cash Flows (Indirect Method) For the Year Ended December 31, 2018 Cash Flow from Operating Activities: Adjustments to Reconcile Net Income to Net Cash Flow from Operating Activities: dropdown Net Cash Flow from Operating Activities

Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter22: Master Budget (master)
Section: Chapter Questions
Problem 2R: Open the file MASTER from the website for this book at cengagebrain.com. Enter all the formulas...
icon
Related questions
Question
ENOWV2 | Online teaching and le...
RMy Explore | Honey
A Honey for Safari on the Mac
Print tem
Use the following information from Berlin Company's financial statements.
Dec. 31, 2018 Dec. 31, 2017
Assets
Cash
$31,000
$24,000
Accounts Receivable
10,500
12,000
Prepaid Assets
1,200
1,000
Total Assets
$42,700
$37,000
Liabilities and Equity
Accrued Liabilities
1,700
1,800
Common Stock
34,000
33,000
Retained Earnings
7,000
2,200
Total Llabilities and Equity
$42,700
$37,000
Additional Information:
Net Income
$6,000
Dividends Pald
1,200
Prepare the operating activities section of the statement of cash flows (indirect method) for the year 2018. Use the minus sign to indicate cash outflows, a decrease in cash or cash payments.
Berlin Company
Statement of Cash Flows (Indirect Method)
For the Year Ended December 31, 2018
Cash Flow from Operating Activities:
Adjustments to Reconcile Net Income to
Net Cash Flow from Operating Activities:
dropdown
Net Cash Flow from Operating Activities
Next
Check My Work
Save and Exit
Submit Assignment for Grading
MacBook Pro
Transcribed Image Text:ENOWV2 | Online teaching and le... RMy Explore | Honey A Honey for Safari on the Mac Print tem Use the following information from Berlin Company's financial statements. Dec. 31, 2018 Dec. 31, 2017 Assets Cash $31,000 $24,000 Accounts Receivable 10,500 12,000 Prepaid Assets 1,200 1,000 Total Assets $42,700 $37,000 Liabilities and Equity Accrued Liabilities 1,700 1,800 Common Stock 34,000 33,000 Retained Earnings 7,000 2,200 Total Llabilities and Equity $42,700 $37,000 Additional Information: Net Income $6,000 Dividends Pald 1,200 Prepare the operating activities section of the statement of cash flows (indirect method) for the year 2018. Use the minus sign to indicate cash outflows, a decrease in cash or cash payments. Berlin Company Statement of Cash Flows (Indirect Method) For the Year Ended December 31, 2018 Cash Flow from Operating Activities: Adjustments to Reconcile Net Income to Net Cash Flow from Operating Activities: dropdown Net Cash Flow from Operating Activities Next Check My Work Save and Exit Submit Assignment for Grading MacBook Pro
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Earning per share and Dilutive securities
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Excel Applications for Accounting Principles
Excel Applications for Accounting Principles
Accounting
ISBN:
9781111581565
Author:
Gaylord N. Smith
Publisher:
Cengage Learning