Net cash flow from operating activities, $350,000 PR 13-2A Statement of cash flows-indirect method Obj. 2,...

Transcribed Image Text:

Net cash flow from operating activities, $350,000 PR 13-2A Statement of cash flows-indirect method Obj. 2, 3, 4, 5 The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 2018 and 2017. is as follows: SHOW ME HOW EXCEL TEMPLATE Dec. 31, 2018 Dec. 31, 2017 Assets Cash $ 95,000 Accounts receivable (net) 260,000 $110,000 280,000 Inventories 520,000 450,000 Prepaid expenses 15,000 5,000 Equipment. 1,130,000 800,000 Accumulated depreciation-equipment. Total assets.... (235,000) $1,785,000 (190,000) $1,455,000 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors)... $ 100,000 $ 75,000 Mortgage note payable... 0 500,000 Common stock, $10 par. 500,000 200,000 Paid-in capital in excess of par-common stock 400,000 100,000 Retained earnings.. 785,000 580,000 Total liabilities and stockholders' equity... $1,785,000 $1,455,000 Net cash flow from operating activities, $350,000 PR 13-2A Statement of cash flows-indirect method Obj. 2, 3, 4, 5 The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 2018 and 2017. is as follows: SHOW ME HOW EXCEL TEMPLATE Dec. 31, 2018 Dec. 31, 2017 Assets Cash $ 95,000 Accounts receivable (net) 260,000 $110,000 280,000 Inventories 520,000 450,000 Prepaid expenses 15,000 5,000 Equipment. 1,130,000 800,000 Accumulated depreciation-equipment. Total assets.... (235,000) $1,785,000 (190,000) $1,455,000 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors)... $ 100,000 $ 75,000 Mortgage note payable... 0 500,000 Common stock, $10 par. 500,000 200,000 Paid-in capital in excess of par-common stock 400,000 100,000 Retained earnings.. 785,000 580,000 Total liabilities and stockholders' equity... $1,785,000 $1,455,000