Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

help me with this please:) Instructions Labels and Amount Descriptions Statement of Cash Flows nstructions The comparative balance sheet of Navaria Inc. for December 31,

help me with this please:)
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Instructions Labels and Amount Descriptions Statement of Cash Flows nstructions The comparative balance sheet of Navaria Inc. for December 31, 20Y3 and 20Y2, is shown as follows: Dec 31, 20Y3 Dec 31, 20Y2 Assets 3 Cash $626,170.00 $585,760.00 208,880.00 Accounts receivable (net) Inventories 227,840.00 641,390.00 0.00 616,790.00 240,820.00 6 Investments 7 Land 327,380.00 0.00 Equipment Accumulated depreciation equipment 10 704,290.00 (167,160.00) $2,359,910.00 554,020.00 (148,930.00) $2,057,340.00 Total assets Total assets Liabilities and Stockholders' Equity Statement of cash flows-indirect method Instructions Labels and Amount Descriptions Statement of Cash Flows Instructions Liabilities and Stockholders' Equity 12 Accounts payable $424,670.00 $404,080.00 13 Accrued expenses payable 43,080.00 14 Dividends payable 24,920.00 15 Common stock, $4 par 140,000.00 52,050.00 19,300.00 102,000.00 280,600.00 1,199,310.00 $2,057,340.00 16 Paid-in capital: Excess of issue price over par-common stock 417,400.00 17 Retained earnings 18 Total Liabilities and stockholders' equity 1,309,840.00 $2,359,910.00 Additional data obtained from an examination of the accounts in the ledger for 20Y3 are as follows: A. The investments were sold for $279,890 cash. B. Equipment and land were acquired for cash. C. There were no disposals of equipment during the year. tions Labels and Amount Descriptions Statement of Cash Flows ns al data obtained from an examination of the accounts in the ledger for 20Y3 are as follows: The investments were sold for $279,890 cash. Equipment and land were acquired for cash. There were no disposals of equipment during the year. - The common stock was issued for cash. .. There was a $206,210 credit to Retained Earnings for net income. There was a $95,680 debit to Retained Earnings for cash dividends declared. are a statement of cash flows, using the indirect method of presenting cash flows from operating activities. Refer to the Labels and Amount scriptions list provided for the exact wording of the answer choices for text entries. Be sure to complete the heading of the statement. Use the minus to indicate cash outflows, decreases in cash and a net cash outflow for each section, if required. Dresdous Next My Work 2.mare Check M arketinin Instructions Labels and Amount Descriptions Sta Instructions Labels and Amount Descriptions Cash used for dividends Cash used for merchandise Ad Cash used for purchase of equipment Cash used for purchase of land Cash received from customers Cash from sale of common stock Cash from sale of investments December 31, 20Y3 Decrease in accounts payable Decrease in accounts receivable Decrease in accrued expenses payable Decrease in inventories Decrease in cash Depreciation For the Year Ended December 31, 20Y3 ructions Labels and Amount Descriptions Stateme ictions Labels and Amount Descriptions Gain on sale of investments Increase in accounts payable Increase in accounts receivable Increase in accrued expenses payable Increase in cash Increase in inventories Loss on sale of investments Net cash flow from operating activities Net cash flow used for operating activities Net cash flow from investing activities Net cash flow used for investing activities Net cash flow from financing activities Net cash flow used for financing activities Net income U M LU I Usec. X View Hold x ssb.necc. x C PR 13- ment/assignmentFinished Main.do Show Me How Calculator E Print Item itement of cash flows-indirect method Instructions Labels and Amount Descriptions Statement of Cash Flows Instructions Labels and Amount Descriptions Statement of Cash Flows Statement of Cash Flows (Label) Cash flows from operating activities: Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: Check My Work 2G backard S Previo aining Show Me How Calculator Print Item ment of cash flows-indirect method structions Labels and Amount Descriptions Statement of Cash Flows tructions Labels and Amount Descriptions atement of Cash Flows Cash flows from (used for) investing activities: 19 Cash flows from (used for) financing activities: 24 Cash at the beginning of the year 25 Cash at the end of the year

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

Understanding And Auditing IT Systems Volume 2

Authors: Young-Woon Min

2nd Edition

1257758837, 978-1257758838

More Books

Students also viewed these Accounting questions

Question

Is an incentive program appropriate? Explain your position.

Answered: 1 week ago

Question

Describe the linkages between HRM and strategy formulation. page 74

Answered: 1 week ago

Question

Identify approaches to improving retention rates.

Answered: 1 week ago