Question

The following information is available for Tamarisk Corporation for the year ended December 31, 2022: Collection of principal on long-term loan to a supplier $33,000 Acquisition of equipment for cash 12,000 Proceeds from the sale of long-term investment at book value 25,000 Issuance of common stock for cash 21,800 Depreciation expense 25,000 Redemption of bonds payable at carrying (book) value 38,100 Payment of cash dividends 6,500 Net income 33,500 Purchase of land by issuing bonds payable 40,800 In addition, the following information is available from the comparative balance sheet for Tamarisk at the end of 2022 and 2021: 2022 2021 Cash $165,000 $91,000 Accounts receivable (net) 33,500 17,200 Prepaid insurance 19,900 13,600 Total current assets $218,400 $121,800 Accounts payable $34,400 $18,400 Salaries and wages payable 6,200 7,300 Total current liabilities $40,600 $25,700 Prepare Tamarisk's statement of cash flows for the year ended December 31, 2022, using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
TAMARISK CORPORATION Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flow From Operating Activities Net Income Adjustments to reconcile net income to S $

Answer 1

Answer:

Let me give you an example of a segment addition problem that uses three points that asks the student to solve for x but has a solution x = 20.

First, I assumed values for each x, y and z and then manipulated their coefficients to get the total at the end of each equation.

20 + 10 +30 = 60

40 + 0 + 40 = 80

40 + 10 = 50

Then exchangeing these numbers into values and we have the following equation.

x + 2y + 3z = 60

2x + 4z = 80

2x + z = 50

If you will solve them m bcccbvqcve2anually by substituting their variables into these equations, you can get

x = 20

y = 5

z = 10

Explanation: