Question
Hi, would an expert prepare the statement of cash flow ( indirect ) for me? Comparative balance sheet data is below. In addition, net income
Hi,
would an expert prepare the statement of cash flow ( indirect ) for me?
Comparative balance sheet data is below. In addition, net income for 2015 was $30,000 and dividends of $20,000 were declared in 2015.
12/31/15 12/31/14
Cash and cash equivalents 127,000 41,000
Accounts receivable 25,000 35,000
Inventory 77,000 58,000
PPE 305,000 300,000
Accumulated depreciation, PPE (180,000) (150,000)
Total Assets 354,000 284,000
Accounts payable 25,000 20,000
Bonds payable 100,000 85,000
Common stock 22,000 12,000
Additional paid in capital 145,000 135,000
Retained earnings 62,000 32,000
Total Liabilities and stockholders equity 354,000 284,000
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