Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please help with calculations Question 11 of 11 5.28 Miscellaneous expenses Interest Income before income taxes Income taxes Net income Retained earnings - Jan. 1,
please help with calculations
Question 11 of 11 5.28 Miscellaneous expenses Interest Income before income taxes Income taxes Net income Retained earnings - Jan. 1, 2025 Stock dividend declared and issued Retained earnings-Dec. 31, 2025 10 30 \\( \\begin{array}{r}2,150 \\\\ \\hline 1,690\\end{array} \\) \\( \\frac{845}{845} \\) \\( \\frac{300}{1,145} \\) \\( \\begin{array}{r}615 \\\\ \\hline \\$ 530 \\\\ \\hline\\end{array} \\) \\begin{tabular}{|l} Teal Company \\\\ Comparative Balance Sheets \\\\ As of December 31 \\\\ (\\$000 omitted) \\end{tabular} Current assets Cash \\( \\$ 337 \\quad \\$ 90 \\) U.S. Treasury notes (available-for-sale) 10 50 Accounts receivable 780 490 Question 11 of 11 \\( 5.28 / 10 \\equiv \\) Net Cash Provided by Operating Activities y Cash Flows trom levesting Actwities Purchse of Buildings and Equipment Purchase oftand sile of linvestments Net Cssh Used by linvesting Activities Net increase in Cash Cosh, January 1.2025 Csia December 31,2025 eTextbook and Media Teal Compary has not yet prepared a statement of cash flows for the 2025 fiscal year. Comparative balance sheets as of December 31. 2024 and 2025 , and a statement of income and retained earnings for the year ended December 31,2025 , are presented as follows. Prepare a statement of cash flows using the direct method. Changes in accounts receivable and accounts payable relate to sales and cost of goods sold. Do not prepare a reconciliation schedule. (Show amounts in the investing and financira sections thot decrease cosh flow with either a-sign es. - 15,000 or in parenthesis es, (15,000). Enter amounts in thousands.) Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started