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ASAP Question 3 [30 points] Use the Baron Corporation financial statements and supplementary information given below to prepare a statement of cash flows for the
ASAP
Question 3 [30 points] Use the Baron Corporation financial statements and supplementary information given below to prepare a statement of cash flows for the year ended December 31, 2014 ung the indirect method Additional Information a Purchased machinery for $31.000 cash 6 Sold the long term investment on January 1, 2014 for $54.000 Sold machinery for $13.000 cash that had orginally cost 504 500 and had $42.000 of accumulated depreciation dosud 352.000 of bonds payable a face value e. The short term investment is a treasury bill that was purchased with matuty in 90 days Barion Corporation Compare anche omation December 31 Assets 2014 2013 ca 272.500 136.000 Short ten nvestments 75.000 62.000 Accounts receivable 56.000 Merchandise inventory 50 900 110.000 Long term investment 0 41000 May 26600 300.000 Acume desrecation 140.000 135.000 to 0.700 9000 seede sement of Carlos sele Cash flows from operating actives A to concert come to cash provided by operad Cath from from investing activities cash flows from financing active Les and Accounts payable Dvdents a Bonds payat Share Catal Redes Tobbies and equity 12.200 14.000 12.000 200.000 160 500 566 700 05.000 18.000 0 320.000 164000 599.000 Not create decrease in cash Cast beginning of your cash at end of year Orion Corporation Income Sulement for You End December 2011 Sais 780.000 Cost Of Goods 710000 Depreciation expense 17 000 Other expenses 90.000 (787.000) Cain on sale of term westment 13.000 Loss on sale of machinery 18.500 Net 3.500 Step by Step Solution
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