Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please answer this question: Make a statement of cash flows REYNOLDS COMPANY Comparative December 3 2010 2009 Change Increase/D ecrease 54,000 37,00 6a,000 26,000 1,000reae

Please answer this question: Make a statement of cash flows

image text in transcribed

REYNOLDS COMPANY Comparative December 3 2010 2009 Change Increase/D ecrease 54,000 37,00 6a,000 26,000 1,000reae Cash Aoounts ecelable 54,000 licetiea 000 $,0001,000 ae 45,000 7,000 200,000 20,000 a1000) (1,000) 0,000 n 193,000 6,00 135,000crease 565,000 5386.000 Lisbilines aed Stockbolders' Equity s 17,000 Decrease 10,000 llasu $23,000 senos Bonds payable Connon stock (51 par) Retained earnings 10,000 110,000 150 000 40,000 DecreaueF 220,000 60,00 206,000 135.00 5568,000 5386,000 1 60,000 Incrase 0,000 Incrase 13600 7 Totals REYNOLDS COMP For the Year Ended December 31, 2010 890,000 465000 221,000 Cest et goods sold Interist expesse Lea oc sale ofequpost lscome belore income x acore tax expesse Net income . 2,000-700000 192,002 65,000 5125,000 ,000 and durges han prepaid expenses oes2,000 2. Land was sold ac is book vaue foe cash 3. Cast dividrods of 555,000 ware declared and paid in 210 4. Iatorect expense of $12,000 was . Equipcent wit & coat of $166, oe cash. Equipmt with a cont of $41,000 and abook value of 536,000 was sold for 534,000 6. Bonds of $10,000 er 7. Coumon stolk 51 pbof $130,000 was inued for cash & Accounts payable partfin to marctandise supples at det face value for ash. Boeds00 were converted isto conamon stoek

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Internal Auditing Assurance & Consulting Services

Authors: Kurt F Reading, Paul J Sobel, Urton L Anderson, Michael J Head, Sri Ramamoorti

1st Edition

0894136100, 9780894136108

More Books

Students also viewed these Accounting questions

Question

=+2. Are you happy to pay a price premium for CSR products?

Answered: 1 week ago