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Question # 5 Balance Sheet and Income Statement information is provided below for the Eastern Washington Auto Parts Supply Company. Balance Sheet Information 1 2
Question # Balance Sheet and Income Statement information is provided below for the Eastern Washington Auto Parts Supply Company. Balance Sheet Information Cash $ $ Accounts Receivable Inventory Equipment Accumulated Depreciation Patents Total Assets $ $ Accounts Payable $ $ Notes Payable Common Stock Retained Earnings Total Liabilities and Stockholders Equity $ $ Income Statement Information for the Year Ended December Revenue $ Expenses Depreciation Net Income $ Additional information for the year : Additional equipment was purchased for $ A patent was purchased from a competitor for $ $ of additional common stock was issued. Dividends were declared and paid in the amount of $ An additional longterm loan of $ was issued. Required: Prepare a complete statement of cash flows for the year ending December Be sure to include all three sections of the cash flow statement: Operating Activities, Investing Activities, and Financing Activities. In addition, be sure to report the net change in cash, and the beginning cash and ending cash balance. See the Introduction Module with my review of E for a good example of a complete statement of cash flows.
Question #
Balance Sheet and Income Statement information is provided below for the
Eastern Washington Auto Parts Supply Company.
Balance Sheet Information
Cash $ $
Accounts Receivable
Inventory
Equipment
Accumulated Depreciation
Patents
Total Assets $ $
Accounts Payable $ $
Notes Payable
Common Stock
Retained Earnings
Total Liabilities and Stockholders Equity $ $
Income Statement Information for the Year Ended December
Revenue $
Expenses
Depreciation
Net Income $
Additional information for the year :
Additional equipment was purchased for $
A patent was purchased from a competitor for $
$ of additional common stock was issued.
Dividends were declared and paid in the amount of $
An additional longterm loan of $ was issued.
Required:
Prepare a complete statement of cash flows for the year ending December
Be sure to include all three sections of the cash flow statement: Operating
Activities, Investing Activities, and Financing Activities. In addition, be sure to
report the net change in cash, and the beginning cash and ending cash balance.
See the Introduction Module with my review of E for a good example of a
complete statement of cash flows.
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