ment sos 10 Conte D 1 SON kuimba SC * 11 Assets TOE TE LADET 07 ebook Show Me How Land 250 330 Fouipment 205 175 Accumulated depreciation equipment (68) Total assets $742 $625 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $51 $37 Dividends payable 5 Common stock, 51 par 125 80 Paid-in capital in excess of par-common stock SS 70 Retained earnings 476 435 Totalities and stockholders' equity 5742 $625 The following additional information is taken from the records 3. Und was sold for $120. b. Equipment was acquired for cash There were ne disposals oferiment during the year d. The common stoc was sued for cash There was a 552 credit to Retained Camings for net income There was a $24 debit to Retained Earnings for cash dividends declared 2. Prepare a statement of cash flows, using the indirect method of presenting Cathrows from operating activities. Use the minus sont payments, decreases in cashor any negative adjustments Olson-Jones Industries, Inc. Statement of Cash Flows For the Year Ended December 31, 2012 Chrows from used for operating activities Net income Adjustments to reconcile net income tout cash flow from operating activities Determining Net Income from Net Chow from Operating Activites Curwen Inc. reported net cash now from operating activities of $198.400 on its statement of cash flows for the year eaded December 31. The following reported in the cash nows from operating activities' section of the statement et cachows, wing the indirect met Decrease in income tax payable $4,200 Decrease in inventores 10,500 Depreciation 16,300 Gain one of meestments 7300 Increase in accounts payable 2.900 Increase in prepaid expenses 1.800 Increase in accounts receivable 3,000 a. Determine the set income reported by Curatenine for the year ended December 31 best income is onerent than net can now from operating activities which of the following could possibly be the reason for such difference? tec de pense which has no effect on cash flows from operating activities b. Changes in current rating assets and lots that are added or deducted c. Changes in cats and Sabates that are added or deducted can trom sales of investment is included in net income wae the sales proceeds are added in operating activities of can now statements Own Previous ment sos 10 Conte D 1 SON kuimba SC * 11 Assets TOE TE LADET 07 ebook Show Me How Land 250 330 Fouipment 205 175 Accumulated depreciation equipment (68) Total assets $742 $625 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $51 $37 Dividends payable 5 Common stock, 51 par 125 80 Paid-in capital in excess of par-common stock SS 70 Retained earnings 476 435 Totalities and stockholders' equity 5742 $625 The following additional information is taken from the records 3. Und was sold for $120. b. Equipment was acquired for cash There were ne disposals oferiment during the year d. The common stoc was sued for cash There was a 552 credit to Retained Camings for net income There was a $24 debit to Retained Earnings for cash dividends declared 2. Prepare a statement of cash flows, using the indirect method of presenting Cathrows from operating activities. Use the minus sont payments, decreases in cashor any negative adjustments Olson-Jones Industries, Inc. Statement of Cash Flows For the Year Ended December 31, 2012 Chrows from used for operating activities Net income Adjustments to reconcile net income tout cash flow from operating activities Determining Net Income from Net Chow from Operating Activites Curwen Inc. reported net cash now from operating activities of $198.400 on its statement of cash flows for the year eaded December 31. The following reported in the cash nows from operating activities' section of the statement et cachows, wing the indirect met Decrease in income tax payable $4,200 Decrease in inventores 10,500 Depreciation 16,300 Gain one of meestments 7300 Increase in accounts payable 2.900 Increase in prepaid expenses 1.800 Increase in accounts receivable 3,000 a. Determine the set income reported by Curatenine for the year ended December 31 best income is onerent than net can now from operating activities which of the following could possibly be the reason for such difference? tec de pense which has no effect on cash flows from operating activities b. Changes in current rating assets and lots that are added or deducted c. Changes in cats and Sabates that are added or deducted can trom sales of investment is included in net income wae the sales proceeds are added in operating activities of can now statements Own Previous
