Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved 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!

Question: GIVEN THE FOLLOWING INFORMATION MAKE CASH FLOW STATEMENT OF YEAR 2020 FOR COMPANY XYZ USING INDIRECT METHOD.

image text in transcribed

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 66,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Audits Of 401k Plans

Authors: Deloitte And Touche

2nd Edition

1119722039, 978-1119722038

More Books

Students also viewed these Accounting questions