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52) Given the following information for Cat Castle Incorporated prepare their statement of cash flows for December 31, 2017 under ASPE. 2017 2016 Cash 375000
52) Given the following information for Cat Castle Incorporated prepare their statement of cash flows for December 31, 2017 under ASPE.
2017 | 2016 | |
Cash | 375000 | 250000 |
Accounts receivable | 85000 | 75000 |
Interest receivable | 5000 | 6000 |
Inventory | 82000 | 95000 |
Prepaid Expenses | 48000 | 10000 |
Non-current - Note | ||
receivable | 90000 | 125000 |
Property, plant and | ||
Equipment | 325000 | 330000 |
(net of depreciation) | ||
Accounts payable | 33000 | 20000 |
Accrued liabilities | 45000 | 56000 |
Common Shares | 825000 | 755000 |
Retained Earnings | 105000 | 60000 |
Net income | 50000 | |
Depreciation expense | 2000 | |
Gain on sale of property | 1500 | |
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