During this year, Weaver sold some equipment for $18 that had cost $30 and on which there was accumulated depreciation of $10. In addition, the company sold long-term investments for $13 that had cost $7 when purchased several years ago, Weaver paid a cash dividend this year and the company repurchased $37 of its own stock. This year Weaver did not retire any bonds. Weaver Company Comparative Balance Sheet at December 31 Assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Long-term investments Total assets Liabilities and Stockholders' Equity Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total Mabilities Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity This Year Last Year \begin{tabular}{rr} $10 & $13 \\ 332 & 230 \\ 152 & 195 \\ 8 & 6 \\ \hline 482 & 444 \\ \hline 508 & 428 \\ 82 & 71 \\ \hline 426 & 357 \\ \hline 24 & 31 \\ \hline$932 & $832 \\ \hline \end{tabular} \begin{tabular}{rr} $364 & $224 \\ 72 & 78 \\ 74 & 65 \\ \hline 450 & 367 \\ 199 & 171 \\ \hline 649 & 538 \\ \hline 164 & 201 \\ 119 & 93 \\ \hline 283 & 294 \\ \hline$932 & $832 \\ \hline \hline \end{tabular} During this year, Weaver sold some equipment for $18 that had cost$30 and on which there was accumulated depreciation of $10. In addition, the company sold long-term investments for $13 that had cost $7 when purchased several years ago. Weaver paid a cash dividend this year and the company repurchased $37 of its own stock. This yeat Weaver did not retire any bonds Problem 13-7 Part 2 (Algo) 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 yeal (List any deduction in cash and cash outflows as negative amounts.) Required: 1. Using the indirect method, determine the net cash provided by/used in operating activities for this year. (List any deduction in cosh and cash outflows as negative amounts.) During this year, Weaver sold some equipment for $18 that had cost $30 and on which there was accumulated depreciation of $10. In addition, the company sold long-term investments for $13 that had cost $7 when purchased several years ago, Weaver paid a cash dividend this year and the company repurchased $37 of its own stock. This year Weaver did not retire any bonds. Weaver Company Comparative Balance Sheet at December 31 Assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Long-term investments Total assets Liabilities and Stockholders' Equity Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total Mabilities Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity This Year Last Year \begin{tabular}{rr} $10 & $13 \\ 332 & 230 \\ 152 & 195 \\ 8 & 6 \\ \hline 482 & 444 \\ \hline 508 & 428 \\ 82 & 71 \\ \hline 426 & 357 \\ \hline 24 & 31 \\ \hline$932 & $832 \\ \hline \end{tabular} \begin{tabular}{rr} $364 & $224 \\ 72 & 78 \\ 74 & 65 \\ \hline 450 & 367 \\ 199 & 171 \\ \hline 649 & 538 \\ \hline 164 & 201 \\ 119 & 93 \\ \hline 283 & 294 \\ \hline$932 & $832 \\ \hline \hline \end{tabular} During this year, Weaver sold some equipment for $18 that had cost$30 and on which there was accumulated depreciation of $10. In addition, the company sold long-term investments for $13 that had cost $7 when purchased several years ago. Weaver paid a cash dividend this year and the company repurchased $37 of its own stock. This yeat Weaver did not retire any bonds Problem 13-7 Part 2 (Algo) 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 yeal (List any deduction in cash and cash outflows as negative amounts.) Required: 1. Using the indirect method, determine the net cash provided by/used in operating activities for this year. (List any deduction in cosh and cash outflows as negative amounts.)
