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prepare a statment of cash flow please. i got a like if done by tonight Dec 31, 2013 Dec 31, 2012 2 2 Assets 3
prepare a statment of cash flow please. i got a like if done by tonight
Dec 31, 2013 Dec 31, 2012 2 2 Assets 3 Cash $155,000.00 $150,000.00 Accounts receivable (net) 450.000,00 400,000.00 5 Inventories 770,000.00 750,000.00 6 Investments 0.00 100,000.00 7 Land 500,000.00 0.00 Equipment Accumulated depreciation equipment 1.400,000.00 1.200,000.00 (600.000.00) (500.000.00) 10 Total assets $2.675,000.00 $2,100,000.00 11 Liabilities and Stockholders' Equity 12 Accounts payable (merchandise creditors) 13 Accrued expenses payable (operating expenses) $340,000.00 $300.000.00 45,000.00 50,000.00 14 Dividends payable 30.000.00 25,000.00 15 Common stock. $4 par 700,000.00 600,000.00 16 Paid-in capital in excess of par--common stock 200.000.00 175,000.00 17 Retained earnings 1,360,000.00 950,000.00 18 Total liabilities and stockholders' equity $2,675,000.00 $2.100,000.00 Additional data obtained from an examination of the accounts in the ledger for 2013 are as follows: a. The investments were sold for $175,000 cash. b. Equipment and land were acquired for cash c. There were no disposals of equipment during the year. d. The common stock was issued for cash e. There was a $500,000 credit to Retained Earnings for net income. 1. There was a $90,000 debit to Retained Earnings for cash dividends declared. Required: Prepare a statement of cash flows, using the indirect method of presenting cash flows from (used for operating activities Step by Step Solution
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