Question
Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet at December 31 This Year Last Year Assets Cash $ -33 $ 11
Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet at December 31 This Year Last Year Assets Cash $ -33 $ 11 Accounts receivable 335 230 Inventory 150 194 Prepaid expenses 8 5 Total current assets 460 440 Property, plant, and equipment 516 438 Less accumulated depreciation 82 72 Net property, plant, and equipment 434 366 Long-term investments 26 33 Total assets $ 920 $ 839 Liabilities and Stockholders' Equity Accounts payable $ 300 $ 226 Accrued
1. Using the indirect method, determine the net cash provided by/used in operating activities for this year.
2. Using the information from Part 1, along with an analysis of the remaining balance sheet accounts, prepare a statement of cash flows for this year. (List any deduction in cash and cash outflows as negative amounts.)
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