Need these questions done on Excel and in an hour and a half.
M4-26. Calculating Net Cash Flow from Operating Activities (Indirect Method)
The following information was obtained from Galena Company’s comparative balance sheets. Assume that Galena Company’s 2018 income statement showed depreciation expense of $8,000, a gain on sale of investments of $9,000, and net income of $45,000. Calculate the net cash flow from operating activities using the indirect method.
M4-29. Classifying Cash Flow Statement Components and Determining Their Effects
The following table presents selected items from a recent cash flow statement of Nordstrom, Inc.
a. For each item, determine whether the amount would be disclosed in the cash flow statement under operating activities, investing activities, or financing activities. (Nordstrom uses the indirect method of reporting.)
b. For each item, determine whether it will appear as a positive or negative in determining the net increase in cash and cash equivalents.
M4-30. Calculating Operating Cash Flows (Direct Method)
Calculate the cash flow for each of the following cases.
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