Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Gamestuffers and Rippit Inc. December 31, 2020 Statement of Financial Position (in thousands) 2020 2019 Assets Current Assets Cash and Cash Equivalents Accounts Receivable Inventories
Gamestuffers and Rippit Inc. December 31, 2020 Statement of Financial Position (in thousands) 2020 2019 Assets Current Assets Cash and Cash Equivalents Accounts Receivable Inventories Prepaid Expense $ $ 19,600 316,300 508,500 16,300 860,700 159,800 368,900 540,200 22,500 286,900 322,400 10,600 642,400 140,400 276,400 540,200 Property, Plant and Equipment, net Intangible Assets, net Goodwill $ 1,929,600 $ 1,599,400 Liabilities Current Liabilities Bank Indebtness Accounts Payable and accured liabilities Income Tax Payable Current Portion of Long-Term Debt $ 4,400 380,900 30,600 8,900 $ 424,800 $ 5,800 325,900 25,500 63,000 $ 420,200 162,900 20,900 109,700 $ 713,700 Long-Term Debt Pension Obligations Deferred Taxes 450,700 20,100 111,800 1,007,400 $ Shareholders' Equity Common Shares Retained Earnings 177,500 744,700 922,200 177,500 708,200 885,700 $ 1,929,600 $ 1,599,400 Gamestuffers and Rippit Inc. December 31, 2020 Statement of Comprehensive Income (in thousands) 2020 2019 $2,164,800 $1,792,500 Revenues Expenses Cost of Goods Sold Selling, General and administrative expenses Depreciation Amortization of Intangibles Development Costs Restructuring Costs Interest 1,651,100 319,100 35,800 10,400 10,900 700 21,200 2,049,200 1,375,400 244,800 29,800 10,700 9,000 14,600 23,800 1,708,100 Earnings before Income Taxes $ 115,600 $ 84,400 17,000 2,100 Income Taxes Current Deferred Net Earnings and comprehensive Income Earnings per share Basic and diluted 26,400 (7,300) 65,300 $ 96,500 $ $3.84 $2.60 Prepare the SCF in good form using the direct method for cash flow from operations
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started