ACCT 504 help A Guide to career/uophelp.com ACCT 504 help A Guide to career/uophelp.com - Page 75

i. Decrease in accrued liabilities j. Loss on sale of land k. Acquisition of building by issuance of notes payable l. Payment of long-term debt m. Acquisition of building by issuance of common stock n. Decrease in accounts receivable o. Decrease in inventory p. Increase in prepaid expenses E12-20A The income statement and additional data of Newton Travel Products, Inc., follow: Requirements 1. Prepare Newton Travel Products's statement of cash flows for the year ended December 31, 2014, using the indirect method. 2. Evaluate Noel' cash flows for the year. In your evaluation, mention all three categories of cash flows and give the reason for your evaluation. Requirement 1. Prepare Newton's statement of cash flows for the year ended December 31, 2014, using the indirect method. Start by completing the cash flows from operating activities. Then complete each section of the statement of cash flows, including the noncash investing and financing activities. ( Newton Travel Products, Inc. Income Statement