Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

CONSTANTINE CAVAMANLIS INC BALANCE SHEETS Assets Dec. 31, 2004 Jn 1,2004Inc/Dec. Cash $ 45,000 91,000 39,000 $ 13,000 88,000 22,000 (17.000)(11,000) $32,000 Inc. 3,000 Inc

image text in transcribed
CONSTANTINE CAVAMANLIS INC BALANCE SHEETS Assets Dec. 31, 2004 Jn 1,2004Inc/Dec. Cash $ 45,000 91,000 39,000 $ 13,000 88,000 22,000 (17.000)(11,000) $32,000 Inc. 3,000 Inc 17,000 Inc. 6,000 Inc. Total $158,000$112000 Accounts payable Common stock Retained earnings s 20,000 100,000 38,000 15,000 80,000 17,000 5,000 Inc 20,000 Inc. 21,000 Inc. Total $158,000 $112,000 Net income of $44,000 was reported, and dividends of $23,000 were paid in 2004. New equipment was purchased and none was sold. Instructions Prepare a statement of cash flows for the year 2004

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

College Accounting A Practical Approach Chapters 1-25

Authors: Jeffrey Slater

10th Edition

0132286386, 978-0132286381

More Books

Students also viewed these Accounting questions

Question

=+ 7. The Fed is considering two alternative monetary policies:

Answered: 1 week ago