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Problem 13-7 Prepare a Statement of Cash Flows [LO13-1, LO13-2] [The following information applies to the questions displayed below.] Comparative financial statements for Weaver
Problem 13-7 Prepare a Statement of Cash Flows [LO13-1, LO13-2] [The following information applies to the questions displayed below.] Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet at December 31 This Last Year Year Assets Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Long-term investments Total assets Liabilities and Stockholders' Equity $ 21 $ 11 294 231 155 196 8 6 478 444 510 431 (82) (71) 428 360 26 32 $ 932 $836 Accounts payable $ 303 $225 Accrued liabilities 72 79 Income taxes payable 74 64 Total current liabilities 449 368 Bonds payable 195 170 Total liabilities 644 538 Common stock 162 201 Retained earnings 126 97 Total stockholders' equity 288 298 Total liabilities and stockholders' equity $ 932 $836
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