Accountants for Morston, Inc. have assembled the following data for the year ended December 31, 2024: (Click the icon to view the transaction data.) (Click the icon to view the current accounts.) Prepare Morston's statement of cash flows using the indirect method. Include an accompanying schedule of non-cash investing and financing activities. Complete the statement one section at a time, beginning with the cash flows from operating activities. (Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.) Morston, Inc. Statement of Cash Flows Year Ended December 31, 2024 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Net Cash Provided by (Used for) Operating Activities modocs example Get more help. C MacBook Air Data table Current Assets: Cash Accounts Receivable Merchandise Inventory Current Liabilities: Accounts Payable Income Tax Payable Print 2024 $ 103,100 $ 64,500 85,000 Clear all 57,500 14,700 Done 2023 26,000 69,300 84,000 55,300 16,500 - X Check answer

Accountants for Morston, Inc. have assembled the following data for the year ended December 31, 2024: (Click the icon to view the transaction data.) (Click the icon to view the current accounts.) Prepare Morston's statement of cash flows using the indirect method. Include an accompanying schedule of non-cash investing and financing activities. Complete the statement one section at a time, beginning with the cash flows from operating activities. (Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.) Morston, Inc. Statement of Cash Flows Year Ended December 31, 2024 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Net Cash Provided by (Used for) Operating Activities modocs example Get more help. C MacBook Air Data table Current Assets: Cash Accounts Receivable Merchandise Inventory Current Liabilities: Accounts Payable Income Tax Payable Print 2024 $ 103,100 $ 64,500 85,000 Clear all 57,500 14,700 Done 2023 26,000 69,300 84,000 55,300 16,500 - X Check answer

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter16: Statement Of Cash Flows

Section: Chapter Questions

Problem 2TP: Use a spreadsheet and the following financial information from Mineola Companys financial statements...

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