Question

The statement of cash flows for the year ended December 31, 2021, for Whiteside Incorporated is presented below. $ 214,300 WHITESIDE INCORPORATED Statement of Cash Flows For the Year Ended December 31, 2021 Cash flows from operating activities: Cash received from customers $ 500,000 Interest on notes receivable 12,800 Dividends received 5,300 Purchase of inventory (196,000) Payment of operating expenses (91,000) Payment of interest on debt (16,800) Net cash flows from operating activities Cash flows from investing activities: Sale of investments 46,000 Purchase of equipment (188,000) Net cash flows from investing activities Cash flows from financing activities: Proceeds from issuance of long-term debt 208,000 Reacquisition of common stock shares previously sold (144,000) Dividends paid to shareholders (50,800) Net cash flows from financing activities Net increase in cash Cash and cash equivalents, January 1 Cash and cash equivalents, December 31 (142,000) 13, 200 85,500 72,900 $ 158,400 Required: Prepare the statement of cash flows assuming that Whiteside prepares its financial statements according to International Financial Reporting Standards (IFRS). Where IFRS allows flexibility, use the classification used most often in IFRS financial statements. (Amounts to be deducted should be indicated with a minus sign.)

Answer 1

Amount Amount مال Answos Page No Statement of cash blows for the you ended dec 31, 2018 ) Particular Cash blowers from operating activities Cash received from customers $500,000 Purchase of inventory 12196,000) Payment of operating activities (491000) Net cash locon from operating achuities $213,000 cash blows from investing activities Interest on notes receivable $12,800 Sale of investment 046000 Purchase of equipment ($ 188,000) Dividend received $5300 cash blows from investing achivities $ 123,900) cash Howsexom financing activities Payment of interest 16,800 Proceeds from issuance of long termdebt $ 208000 Reissurance of stock 15144 000 Dividend paid 50800) Net cash blows from financing activities Net increase in cash Cash and cash equivalents, January 1 coss and cash equivalents, december 31 #158400 $3600 $85500 $72900