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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