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5) please answer. I will give a good rate Problem 15-11 (Algo) Mlssing Data; Statement of Cash Flows [LO15-1, LO15-2] Yoric Compony listed the net
5) please answer. I will give a good rate
Problem 15-11 (Algo) Mlssing Data; Statement of Cash Flows [LO15-1, LO15-2] Yoric Compony listed the net changes in its balance sheet accounts for the post year as follows: The following additional information is avsilable about last year's activities: a. Net income for the year was \$? ? b. The compony sold equipment during the year for $35,200. The equipment originally cost $160,800 and it had $127,000 in accumulated depreciation at the time of sale. c. Cash dividends of $10,600 were declared and poid during the year. d. The beginning and ending balances in the Plant and Equipment and Accumulated Depreciation accounts are given below. e. The balance in the Cosh account at the beginning of the year was $109,500; the balance at the end of the year was f. If data are not given explaining the change in an account, make the most reasonable assumption as to the couse of the change. Required: Using the indirect method, prepare s statement of cash flows for the year. (List any deduction In cash and cash outflows as negative amounts.)Step by Step Solution
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