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Problem 21-16 Statement of cash flows; indirect method [L021-4, 21-8] The comparative balance sheets for 2016 and 2015 and the statement of income for 2016
Problem 21-16 Statement of cash flows; indirect method [L021-4, 21-8] The comparative balance sheets for 2016 and 2015 and the statement of income for 2016 are given below for Dux Com pany. Additional information from Dux's accounting records is provided also DUX COMPANY Comparative Balance Sheets December 31, 2016 and 2015 (S in 000s) 2016 2015 Assets Cash Accounts receivable Dividends receivable Inventory Long-term investment Land Buildings and equipment S 65 $ 36 79 2 87 47 138 209 26 72 282 (41) (82) Less: Accumulated depreciation $ 570 $ 481 Liabilities Accounts payable Salaries payable Interest payable Income tax payable Notes payable Bonds payable $ 29 52 23 25 0 (18) (3) 226 216 89 127 Less: Discount on bonds Shareholders' Equity Common stock Paid-in capital-excess of par Retained eamings 40 89 (24) $ 570 Less: Treasury stock $ 481
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