-AA Waplot Merge Center - 27 Pele $ % O Sota Fed Futer Select- GET NEW OFFICE MOBILE APP te produttive on the go with the new orice app Get Oce 838 X Cash dividends paid in 20x were $122 million The following financial statements and additional information for the Fast Company are reported below: Fast Cor Comparative e December 31, 2 (dollars in $4,570 3,120 1,450 Fast Company Income Statement For the year ended December 31, 20x9 (dollars in millions Sales Cost of goods sold Gross profit Selling and administrative expenses Net operating expenses Nonoperating expenses: Gain on the sale of equipment Income before taxes Income taxes expense Matter budou Assets: Current assets: Cash and cash equivalents Accounts receivable Inventory Total current assets Property, plant, and equipment Less: Accum. Depreciation Dein Statement of Cash Flow and of 4 Type here to search ENG Lenovo 9000BBEN $ - % 9 88-98 Conditional Format as Cell Formatting Table Styles Number Styles BTW - 0. A. Merge & Center - Font Alignment GET NEW OFFICE MOBILE APP Be productive on the go with the new Office app. Get Office x for Cash dividends paid in 20x8 were $322 million Fast Company Income Statement For the year ended December 31, 20x9 (dollars in millions) Sales Cost of goods sold Gross profit Selling and administrative expenses Net operating expenses Nonoperating expenses: Gain on the sale of equipment Income before taxes Income taxes expense Net income $4,570 3,120 1,450 938 512 TEREN 514 170 $344 Activity-Based Costing Process Costing Master Budget Capital Budgeting Decision Statement of Cash Flow Financial Str O Type here to search - Lenovo 236 68 PEF | CVBNM Number Alignment GET NEW OFFICE MOBILE APP Be productive on the go with the new Office app. Get Office 3 N O P Q 20x8 - X e ) Cash dividends paid in 20x8 were $122 million. Fast Company Comparative Balance Sheet December 31, 20x9 and 20x8 (dollars in millions) 20x9 Assets: Current assets: Cash and cash equivalents $68 Accounts receivable 930 Inventory 795 Total current assets 1,793 Property, plant, and equipment 1.795 Less: Accum. Depreciation 944 Net property, plant, and equipment 851 Total Assets S2,644 $139 849 726 1.714 1.745 738 1,007 $2.721 Liabilities and equity Activity-Based Costing Process Costing Master Budget Capital Budgeting Decisions Statement of Cash Flow Financial Sta Ready O Type here to search Lenovo 2008 BOBET QWERP ADNOKLAT z Alignment Number Styles Clipboard GET NIW OFFICE MOBILE APP Be productive on the go with the Office app. Get Office B38 - f e) Cash dividends paid in 20x8 were $322 million. 4 H I J L M N O P Q Liabilities and equity Current liabilities: Accounts payable Salaries payable Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity: Common stock Retained earnings Total stockholders' equity Total Liabilities and Stockholders' Equity $318 209 135 662 560 1.222 $189 141 101 431 890 1,321 290 1,132 290 1,110 1.400 $2,721 1,422 $2,644 Activity-Based Costing Process Casting Master Budget Capital Budgeting Decon Statement of Cash Flow Financial St Pero u O Type here to search e HUBBBBB ZERON PPT JAG KV 12 N Font Tormating hable Styles - Alignment GET NEW OFFICE MOBILE APP Be productive on the go with the new Office po Get Onice - 1 x Cash dividends paid in 2018 were $232 million 16 Part 1: Calculate the amount of change in each balance sheet account. Change in Amount 20x8 Fast Company Comparative Balance Sheet December 31, 20x9 and 20x8 Idollars in millions) 20x9 Assets: Current assets: Cash and cash equivalents 568 Accounts receivable 930 Inventory 1.793 Total current assets Property, plant, and equipment 1,795 9:04 Less: Accum. Depreciation 851 Net property, plant, and equipment $2,644 Total Assets Activity Based Costing Pro Cong Cara Budgeting Dehion $139 849 795 726 1,714 1,745 1.007 52,721 Statement of Chow O Type here to search A INS Lenovo li 275 C RIBE Beadaanch Cat Ofice Fort ORLEAP Be productive on the go w hen i X Cash dividends paid in 2013 were $322 million $189 141 101 Liabilities and equity Current liabilities: Accounts payable Salaries payable Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity: Common stock Retained earnings Total stockholders' equity Total Liabilities and Stockholders' Equity $318 209 135 662 560 1222 431 890 1.321 290 1,132 1.422 $2,644 290 1,110 1,400 $2,721 of Cash Flow Financial Acased Costing Process Con Master Budget Coating Desins Type here to search Dvo 12000BB WERUNUPPI DONUKUD WONON MO? LL BI B - O-A. EE Merge Center - $ -% 8-98 Conditional Formatas Cell Formatting Table Styles Styles Clipboard Algement GET NEW OFFICE MONILE APP Be productive on the go with the new Office app. Get Office 338 - Cash dividends paid in 2008 were $122 million. G 22 Part 2: Prepare the Cashflow statement using the indirect method. Quick Company Statement of Cash Flows - Indirect Method For the year ended December 31, 20x9 (dollars in millions) Operating Activities Adjustments to convert net income to a cash basis: Activity and Cong Process Costing a Budget Captituding Decision Statement of Cash Flow Financial St O Type here to search UUD008BE WEROUCOPO General Calibri BTV 4. AN == A. Wrap Test Merge Center - - $ - % -! Conditional Formatas Cell Formatting Table Styles - Alignment GET NEW ORIKE MOBILE APP Be productive on the go with the new Office app. Get Office 3 - 1 x ) Cash dividends paid in 2013 were $122 million F G H IA Net cash provided by (used in) operating activities Investing Activities Net cash provided by (used in) investing activities NAS88 Financing Activities Net cash provided by (used in) financing activities Net increase (decrease) in cash and cash equivalents Beginning cash and cash equivalents Ending cash and cash equivalents Activity and Costing Process Costing Master Budget Capital d e Decisions Statement of Cash Flow Financial Sta . 1 Type here to search Lenovo 0000 BBL "ERONUPPA AK X 0 2.27 O % Conditional Formulas Formatting Table Cell Styles Insert Delete Format - - - o. Standa 14 - AA = . wap Test BTV - A- Merge Center - Clipboard 5 GET NIW OFFICE MOBILE APP Beproductive on the go with the new Office app. Gel One 38 - X e Cash dividends paid in 20 were $12 million Statement of Cash Flows The following financial statements and additional information for the Fast Company are reported below: Fast Cor Comparative e December 31, 2 Idollars in Fast Company Income Statement For the year ended December 31, 20x9 (dollars in millions) Sales Cost of goods sold Gross profit Selling and administrative expenses Net operating expenses Nonoperating expenses Gain on the sale of equipment Income before taxes $4,570 3,120 1,450 512 Assets: Current assets: Cash and cash equivalents Accounts receivable Inwentory Total current assets Property, plant, and equipment Adaud Costing here cougar dotCaptal Budgeting Det Set of C ew + Ready O Type here to search Be 19 PM ARAGE ENG Lenovo JUOOOOOORG 70 WE R TYP 28. Alignment Font OFFICE MOBILE APP Be productive on the go with the new Office app. Get Office - 1 fre) Cash dividends paid in 20x8 were $322 million. D B Fast Company Income Statement For the year ended December 31, 20x9 (dollars in millions) Sales Cost of goods sold Gross profit Selling and administrative expenses Net operating expenses Nonoperating expenses: Gain on the sale of equipment Income before taxes Income taxes expense Net income $4,570 3,120 1,450 938 514 170 $344 Activity-Based Costing Process Costing Master Budget Capital Budgeting Decision Statement of Cash Flow E O Type here to search enovo WWERTYU T I K I L M N O P 20x8 Fast Company Comparative Balance Sheet December 31, 20x9 and 20x8 (dollars in millions) 20x9 Assets: Current assets: Cash and cash equivalents $68 Accounts receivable 930 Inventory 795 Total current assets 1,793 Property, plant, and equipment 1,795 Less: Accum. Depreciation 944 Net property, plant, and equipment Total Assets $2,644 $139 849 726 1,714 1,745 738 1,007 $2,721 851 Process Costing Master Budget Capital Budgeting Decisions Statement of Cash Flow Financial Sta. Se productive on the go with the new Office app. Get Office e) Cash dividends paid in 2008 were $322 million. H 1 ) Total Assets NO $2,721 $2,644 Liabilities and equity Current liabilities: Accounts payable Salaries payable Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity: Common stock Retained earnings Total stockholders' equity Total Liabilities and Stockholders' Equity $318 209 135 662 560 $189 141 101 431 890 1,321 1,222 290 1,132 1,422 $2,644 290 1,110 1,400 $2,721 -Based Costing Process Costing Master Budget Capital Budgeting Decisions Statement of Cash Flow Financial St... . to search E RINOPETT " CVBNM 2 To GET NEW OFFICE MOBILE APP Be productive on the go with the Alignment Office app. Get Office 338 ) Cash dividends paid in 2013 were 5x22 million Additional Information: a) A $330 million bonds payable is retired at its $330 million carrying (book) value in exchange for cash. b) The only changes affecting retained earnings is net income and cash dividends paid. c) Received cash of $36 million for the sale of equipment that had cost $ 70 million and accumulated depreciation of $36 million, resulting in a gain of $2 million d) Purchased machine for $120 million in 20x9 Total depreciation expense for all assets in 20x8 was $242 million e) Cash dividends paid in 2018 were $322 million Current liabilities: Accounts payable Salaries payable Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity: Common stock Retained earnings Total stockholders' equity Total Liabilities and Stockholders' Equity Process Con Master Capital outing De O Type here to search e dw af A 4 IN VUN IN IPM Lenovo li ve 3 6 .. PF vasaron WENUUUUUUUUR V Clipboard font Alignment GET NIW OFFICE MOBILE APP Be productive on the go with the new Office app Get Office B38 1 X e Cash dividends pard in 2018 were $322 million 4 A F G H I J K L LD 43 Required: Prepare a statement of cash flows for the year ended December 31, 20x9 using the Indirect Method (List any deduction in cash and cash outflows as negative a 16 Part 1: Calculate the amount of change in each balance sheet account. Change 20x8 Fast Company Comparative Balance Sheet December 31, 20x9 and 20x8 (dollars in millions) 20x9 Assets: Current assets: Cash and cash equivalents $68 Accounts receivable Inventory Total current assets 1,793 Property, plant, and equipment 1.795 tity taxed Congo Cong Master Budget C udi De $0 930 $139 849 726 1,714 Statement of Cash Flow . o O Type here to search ADANG Lenovo WENUNUDULUR UPP Data Review View Help Home Insert Colibri B T W- Page Layout Formulas 14 -AN = 18- A- Wrap Test Merge Center S. Insert Delete Format Conditional Formatas Cell Formatting Table Styles Cal NEW OFFICE MOBILE APP Be productive on the go with the new Office app Get Office - X e Cash dividends paid in 2008 were $322 million $0 Less: Accum. Depreciation Net property, plant, and equipment Total Assets 851 738 1,007 $2.721 $2.644 $318 209 Liabilities and equity Current liabilities: Accounts payable Salaries payable Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity: Common stock Retained earnings Total stockholders' equity Total Liabilities and Stockholders' Equity ty-Based Costing Process Costing Master Budget 135 662 560 $189 141 101 431 890 1,321 1,222 290 1,132 1.422 $2.644 Budgeting Decisions 290 1,110 1,400 S2.721 of Cash Flow Financial Type here to search te - Lenovo 10000OOOO Ctrl BLUE-A.A. EEE E Merge & Center - $ -% -%% Conditional Format as Cell Formatting Table - Styles Styles GET NEW OFFICE MOBILE APP Be productive on the go with the new Office app Get Office B38 - x ) Cash dividends paid in 20x8 were $322 million 82 Part 2: Prepare the Cashflow statement using the indirect method. Quick Company Statement of Cash Flows - Indirect Method For the year ended December 31, 20x9 (dollars in millions) Operating Activities Adjustments to convert net income to a cash basis: Activity-Based Costing Process Costing Master but cat deting O Type here to search De 00000 == General Calibri BIV. 4 - AA - A- Wrap Test Mergea Center - - $ -% - Conditional Formatas Cell Formatting Table Styles Styles Alignment GET NEW OFFICE MOBILE APP Be productive on the go with the new Mice app Get Office - X e Cash dividends paid in 20x8 were $322 million Net cash provided by (used in) operating activities Investing Activities 8988 Net cash provided by (used in) investing activities Financing Activities Net cash provided by (used in) financing activities Net increase (decrease) in cash and cash equivalents Beginning cash and cash equivalents Ending cash and cash equivalents ActBased Costing Proces Coming Master Budget Caps Budgeting t of Cash Flow and O Type here to search 0 te W Lenovo J000000 PER N M