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Problem 3 Cash Marketable Securities Accounts Receivable Inventory Prepaid Expenses Unclassified Balance Sheets Alpha Caf December 31, 20X1 and 20X2 20X1 $15,000 25,000 24,000 20,000
Problem 3 Cash Marketable Securities Accounts Receivable Inventory Prepaid Expenses Unclassified Balance Sheets Alpha Caf December 31, 20X1 and 20X2 20X1 $15,000 25,000 24,000 20,000 10,000 20X2 $30,000 30,000 26,000 18,000 25,000 208 Chapter 4 Equipment Accumulated Depreciation Total Assets 420,000 (180,000) $334,000 555,000 (200,000) $484,000 $13,000 15,000 26,000 25,000 195,000 140,000 (30,000) 100,000 Current Liabilities: $15,000 Accounts Payable 10,000 Accrued Expenses 23,000 Dividends Payable Mortgage Payable (current) 20,000 Mortgage Payable (long term) 150,000 Common Stock 120,000 Treasury Stock (20,000) Retained Earnings 16,000 Total Liabilities and Owners' Equity $334,000 $484,000 Other information: 1. Assume the net income for 20X2 was $140,000. 2. Assume marketable securities costing $5,000 were sold for $8,000 during 20X2. 3. Assume equipment costing $30,000, with a net book value of $10,000, was sold at a loss of $5,000 during 20x2. a Required: Prepare the cash flow from investing activities section of the SCF for 20X2
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