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Question: GIVEN THE FOLLOWING INFORMATION MAKE CASH FLOW STATEMENT OF YEAR 2020 FOR COMPANY XYZ USING INDIRECT METHOD. NOTE: PLEASE DO NOT PROVIDE EXCEL ANSWER!
Question: GIVEN THE FOLLOWING INFORMATION MAKE CASH FLOW STATEMENT OF YEAR 2020 FOR COMPANY XYZ USING INDIRECT METHOD.
NOTE: PLEASE DO NOT PROVIDE EXCEL ANSWER! NO EXCEL!
"UPDATE: NO INCOME STATEMENT IS GIVEN, THIS IS THE WHOLE QUESTION!"
2020 2019 CASH 154,385 105,490 104,830 112,530 181,720 ACCOUNTS RECEIVSBLE, NET INVENTORIES PREPAID EXPENSES INVESTMENTS (LONG TERM) 173,690 6,446 6,864 93,170 39,270 82,500 LAND 99,000 BUILDINGS ACCUMULATED DEPRECIATION-BUILDINGS MACHINERY AND EQUIPMENT 412,500 (78,430) 471,130 286,000 (64,130) 471,130 (163,350) ACCUMULATED DEPRECIATION-MACHINERY AND EQUIPMEN PATENTS TOTAL ASSETS 63,800 (151,800) 71,500 1,203,026 1,275,219 ACCOUNTS PAYABLE (MERCHANDISE CREDITORS) 47,850 51,370 15,400 13,750 8,690 9,240 15,400 11,000 44,000 165,000 275,000 495,000 72,875 411,004 1,275,219 ACCRUED EXPENSES PAYABLE (OPERATING EXPENSES) INCOME TAX PAYABLE DIVIDENDS PAYABLE MORTGAGE NOTE PAYABLE DUE IN 10 YEARS BONDS PAYABLE COMMON STOCK, $30 PAR ADDITIONAL PAID IN CAPITAL RETAINED EARNINGS TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY ADDITIONAL INFORMATION (2020) PATENTS WERE AMORTIZED NI (2020) LAND WAS SOLD FOR CASH A BUILDING WAS CONSTRUCTED BY SPENDING CASH COMMON STOCK WAS ISSUED IN EXCHANGE FOR THE BONDS PAYABLE INVESTMENTS WERE SOLD AT A MORTGAGE NOTE WAS ISSUED DIVIDENDS WERE DECLARED 412,500 45,375 384,791 1,203,026 108,350 66,000Step by Step Solution
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