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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 $ 12 $ 12 294 231 159 60 195 9 5 474 443 511 432 (81) (70) 430 362 25 31 $ 929 $836 Liabilities and Stockholders' Equity Accounts payable $ 303 $226 Accrued liabilities 72 79 Income taxes payable 73 64 Total current liabilities 448 369 Bonds payable 196 171 Total liabilities 644 540 Common stock 164 202 Retained earnings 121 94 Total stockholders' equity 285 296 Total liabilities and stockholders' equity $ 929 $836
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