Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please use indirect method Cash Account Receivable Merchandise Inventory Investments Plant Assets Accumulated Depreciation Total Assets Accounts Payable Accrued Liabilities Common Stock Retained Earnings Total

image text in transcribed
please use indirect method

Cash Account Receivable Merchandise Inventory Investments Plant Assets Accumulated Depreciation Total Assets Accounts Payable Accrued Liabilities Common Stock Retained Earnings Total Liabilities and Equity Additional information: Net income (loss) for 2018 Depreciation expense for 2018 Investments purchased for cash Common stock issued for cash, at par value Dividends declared and paid Required: Prepare the company's statement of cash f Use the indirect method. Dec. 31, 2018 $100.000 19,000 29,000 132,000 90.000 (37,000) 333,000 12,100 2,400 81,000 237,500 333,000 (5,700) 14,000 12,000 18.000 8,000 Dec. 31.2017 s 93.000 18,000 31,500 120,000 90,000 (23,000) 329,500 13A00 1,900 63,000 251,200 329,500 for 2018 and show any necessary work.

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

Intermediate Accounting Volume 1

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy

13th Canadian Edition

1119740460, 978-1119740469

More Books

Students also viewed these Accounting questions

Question

Show enthusiasm for the position (but not too much).

Answered: 1 week ago

Question

2. How is communication defi ned?

Answered: 1 week ago

Question

=+Understand the different types of personal brands in social media

Answered: 1 week ago