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This is one problem, please do the statement of cashflow in both direct and indirect method
Dice Corps balance sheet as of December 31, 2018 and 2017 is presented below. Please prepare the changes in assets and liabilities December 31 2018 2017 195,000 Current investments Accounts receivable Allowance for doubtful accounts Note A Note B 360,000 50,000 600,000 20,000 300,000 1,000,000 450,000 100,000 15,000 215,000 1,730,000 Prepaid expenses Note C Note D Plant assets Note E Total assets 720,000 10,000 Accounts payable Interest payable Accraed expenses payable Income tax payable Current debt Common stock, $10 par Additional paid in capital Retained eamings Total liabilities and equity 825,000 15,000 Note F Note G 325,000 700,000 250,000 170,000 2,180,000 Note H 3,225,000 Note A Treasury bills of $300,000 were acquired for cash on December 31, 2018 and mature on 6/302019 Note B During 2018, Dice Corp wrote off $40,000 of bad debt that was previously incloded in its allowance for bad debt. Note C An investment (with a carrying value of $100,000) was sold for $135,000 during 2018. The value of marketable securities increased by $15,000 Note D Equipment costing $400,000 (carrying value of $140,000) was sold on January 1, 2018 for $150,000 cash. Note E Goodwill for the amount of $10,000 was considered impaired. Note F Dice Corp received a $325,000 loan advance toward its working capital requirements. Note G 10,000 shares of common stock were issaed in Year 6 for $22 a share. Note H Cash dividends of $240,000 were declared and paid by Dice in 2018.
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Using the information provided on the first tab, please prepare the statement of cash flows for Dice using the indirect method. Seleet the item from the drop-down menu and fil-in the amounts Dice Corp Statement of Cash Flows-Direct Method for the Year Ended December 31, 2018 Net increase in cash Cash, beginning of year Cash, end of year
Using the information provided on the first tab, please prepare the statement of cash flows for Dice using the indirect method. Select the item from the drop-down menu and fill-in the ansounts Dice Corp. Statement of Cash Flows-Indirect Method for the Year Ended December 31, 2018 Net increase in cash Cash, beginning of year Cash, end of year
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