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Problem 2 The following data is taken from the Financial Statements of Neymar Co. for 2010. Jan. 2010 Dec. 2010 Income Statement: $633.000 Net Income
Problem 2 The following data is taken from the Financial Statements of Neymar Co. for 2010. Jan. 2010 Dec. 2010 Income Statement: $633.000 Net Income Depreciation Expense Amortization Expense 125.000 252.000 389.000 Gain on sale of building Balance Sheet: $323.000 $292.000 Accounts Receivables 558,000 521.000 Inventory Prepaid Expenses Accounts Payables 33.000 17.000 137.000 187.000 Income taxes payables 91.000 82.000 Additional information: Sold a building for $795.000 cash. Paid $100.000 dividend to stockholders Paid $85.000 as repayment of long-term debt. Collected the principal of a loan made to a borrower in the amount of $65.000. Invested $235.000 in marketable securities The balance of the cash account on January, 2010 was $361.000. Using the above information, prepare the statement of cash flows for the year ended December 31, 2010 showing the computation of the net cash flows from operating (by the indirect method), investing and financing activities
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