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Please make sure the solution is correct and clear Question No. 4: (10 Marks) A Comparative Statement of Financial Position for Vivaldi Corporation is given
Please make sure the solution is correct and clear
Question No. 4: (10 Marks) A Comparative Statement of Financial Position for Vivaldi Corporation is given below; Assets Land Equipment Accumulated depreciation equipment Inventories Accounts receivable Cash Total Equity and Liabilities Share capitalordinary ($1 par) Retained earnings Bonds payable Accounts payable Total 2010 $71,000 270,000 -69,000 180,000 82000 63,000 $597,000 Dec-31 2009 $110,000 200,000 -42,000 189,000 66,000 22,000 $545,000 $214,000 199,000 150,000 34,000 $597,000 $164,000 134,000 200,000 47000 $545,000 Additional Information 1. Net Income for 2010 was $105000 2. Cash Dividend of $40000 were declared and paid 3. Bonds payable amounting to $50000 were retired. Requirement: Prepare Statement of Cash Flow for the year 2010 Step by Step Solution
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