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already labeled. please post the numbers so that they're not half cut off! thanks! Statement of Cash Flows Instruction Labels and Amount Descriptions Statement of
already labeled. please post the numbers so that they're not half cut off! thanks!
Statement of Cash Flows Instruction Labels and Amount Descriptions Statement of Cash Flows Instructions The comparative balance sheet of Iglesias Inc. for December 31, 2073 and 2012, in shown as follows: Dec 31, 2013 Dec 31, 2012 Assets Cash 5186,000.00 Accounts receivable (niet) $180,000.00 480,000.00 5 Inventories 540,000.00 924,000.00 900,000.00 Investments 0.00 1 Land 120,000.00 0.00 600,000.00 Statement of Cash Flows Labels and Amount Descriptions Statement of Cash Flows Instructions 1 Land 0.00 Equipment Accumulated depreciation equipment 600,000.00 1,680,000.00 (720,000.00) $3,210,000.00 1,440,000.00 (600,000.00) $2,520,000.00 10 Total assets 11 Llabilities and Stockholders' Equity 12 Accounts payable 11 Accrued expenses payable Dividends payable 15 Common stock, S4 par 16 Excess of pald-in capital over par 5408,000.00 54,000,00 $360,000.00 60,000.00 36,000.00 30,000.00 840,000.00 720,000.00 210,000.00 240,000.00 Statement of Cash Flows Labels and Amount Descriptions Statement of Cash Flows Instructions 17 Retained earnings Total Liabilities and stockholders equity 1,632,000.00 $3,210,000.00 1,140,000.00 $2,520,000.00 Additional data obtained from an examination of the accounts in the lodger for 2073 are as follow a. The investments were sold for $210,000 cash b. Equipment and land were acquired for cash e. There were no disposals of equipment during the yeat. d. The common stock was issued for cash e. There was a $600,000 credit fo Retained Earnings for net income There was a 5108.000 debit to Retained Earnings for cash dividends declared Instructions Statement of Cash Flows Score: 98/169 Iglesias Inc Statement of Cash Flows For the Year Ended December 31, 2043 Cash flows from (used for operating activities: 2 Net income 4 5 Adjustments to reconcite net income to net cash flows from operating activities Depreciation Gain on sale of investments Changes in current operating assets and liabilities Increase in inventories 60 7 Statement of Cash Flows Labels and Amount Descriptions Statement of Cash Flows 8 9 10 11 Instructions Statement of Cash Flows Increase in accounts payable Decrease in accrued expenses payable Increase in accounts receivable Net cash flows from operating activities 12 Cash flows from (used for) Investing activities: 15 Cash paid for purchase of equipment Cash paid for purchase of land 15 Cash received from sale of investments Net cash flows used for investing activities 13 Cash flows from (used for financing activities 14 16 Statement of Cash Flows Labels and Amount Descriptions Statement of Cash Flows Instructions Statement of Cash Flows 16 Net cash flows used for investing activities 17 Cash flows from (used for) financing activities 18 Cash received from issuing common stock 19 Cash dividends 20 Net cash flows from financing activities 21 Net increase in cash 22 Cash balance, January 1, 20Y3 23 Cash balance, December 31, 2043 Step by Step Solution
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