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E5.15 (LO3) (Preparation of a Statement of Cash Flows) Presented below is a condensed version of the comparative statements of financial position for Yoon Ltd.
E5.15 (LO3) (Preparation of a Statement of Cash Flows) Presented below is a condensed version of the comparative statements of financial position for Yoon Ltd. for the last 2 years at December 31 (amounts in millions). 2019 2018 Investments w 52,000 w 74.000 Equipment 298,000 240,000 Less: Accumulated depreciation-equipment (106,000) (89.000) Accounts receivable 180,000 185,000 Cash 157,000 78,000 Share capital-ordinary 160,000 160,000 Retained earnings 287,000 177,000 Current liabilities 134,000 151,000 Additional infomation: Investments were sold at a loss of w7,000; no equipment was sold; cash dividends paid were w50,000, and net income was w 160,000 Instructions a. Prepare a statement of cash flows for 2019 for Yoon Corporation
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