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please answer neatly...thanks! Following are selected balance sheet accounts of Culver Bros. Corp, at December 31, 2020 and 2019. and the increases or decreases in
please answer neatly...thanks!
Following are selected balance sheet accounts of Culver Bros. Corp, at December 31, 2020 and 2019. and the increases or decreases in each account from 2019 to 2020. Also presented is selected income statement information for the year ended December 31, 2020, and additional information Selected balance sheet accounts 2020 2019 $34,400 $23,900 Assets Accounts receivable Property, plant, and equipment Accumulated depreciation - blont assets Increase (Decrease) $10.500 31.900 (11.300 279,500 247,600 (179.800 (168,500 Labilities and stockholders guilty 2020 2019 Increase 2020 Liabilities and stockholders' equity. 2019 Increase $ 49,200 $45,800 $3,400 Bonds payable Dividends payable 8,000 4,900 3,100 22,100 18,800 3,300 Common stock, $1 par Additional paid-in capital 8.900 3.000 5,900 Retained earnings 104,100 91,900 12,200 Selected income statement information for the year ended December 31, 2020: Sales revenue $155,100 Depreciation 38,000 Gain on sale of equipment 14.500 Net income 31.100 1 2. During 2020, equipment costing $45.100 was sold for cash Accounts receivable relate to sales of merchandise During 2020, $20.200 of bonds payable were issued in exchange for property, plant and equipment. There was no amortization of bond discount or premium 3 Determine the category operating investing, or financing) and the amount that should be reported in the statement of cash flows for the following items Activay (a) Payments for purchase of property, plant and equipment [b] Proceeds from the sale of equipment $ (c) Cash dividends paid d (d) Redemption of bonds payable Step by Step Solution
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