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if you can make the chart/graph easy to read i'd appreciate it The following changes took place last year in Pavolik Company's balance sheet accounts:
if you can make the chart/graph easy to read i'd appreciate it
The following changes took place last year in Pavolik Company's balance sheet accounts: Asset and Contra-Asset Accounts Liabilities and Stockholders' Equity Accounts Cash $ 5D Accounts payable $ 35 Accounts receivable $1101 Accrued liabilities $ 4D Inventory $ 70 D Income taxes payable $ 81 Prepaid expenses $ 91 Bonds payable $150 1 Long-term investments $ 6D Comon stock $ BOD Property, plant, and equipment $1851 Retained earnings $ 541 Accumulated depreciation $ 601 D = Decrease; i = Increase. Long-term Investments that cost the company $6 were sold during the year for $16 and land that cost $15 was sold for $9. In addition, the company declared and paid $30 in cash dividends during the year. Besides the sale of land, no other sales or retirements of plant and equipment took place during the year. Pavolik did not retire any bonds during the year or issue any new common stock. The company's income statement for the year follows: $ 700 400 300 184 116 Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Nonoperating Items: Loss on sale of land Gain on sale of investments Income before taxes Income taxes Net income $ (6) 10 120 36 $ 84 The company's beginning cash balance was $90 and its ending balance was $85. Required: Use the direct method to convert the company's income statement to a cash basis. (Adjustment amounts that are to be deducted should be indicated with a minus sign.) The company's beginning cash balance was $90 and its ending balance was $85. Required: Use the direct method to convert the company's Income statement to a cash basis. (Adjustment amounts that are to be deducted should be indicated with a minus sign.) Pavollk Company Direct Method of Determining the Net Cash flows from Operating activities Adjustments to a cash basis: $ 0 Adjuntments to a cash basis: 0 Selling and administrative expenses Adjustments to a cash basis: 0 Income taxes Adjustments to a cash basis: 0 $ 0 Step by Step Solution
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