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Required: 1. Using the indirect 2. fun of cash flows for this year. Compute Carmono yayar connect PROBLEM 13-7 Prepare a Statement of Cash
Required: 1. Using the indirect 2. fun of cash flows for this year. Compute Carmono yayar connect PROBLEM 13-7 Prepare a Statement of Cash Flows LO13-1, LO13-2 Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet at December 31 This Year Last Year Assets Cash and cash equivalents $ 9 $ 15 Accounts receivable 340 240 Inventory 125 175 Prepaid expenses 10 6 Total current assets 484 436 Property, plant, and equipment 610 470 Less accumulated depreciation 93 85 Net property, plant, and equipment 517 385 Long-term investments 16 19 Total assets $1,017 $840 Liabilities and Stockholders' Equity Accounts payable $ 310 $230 Accrued liabilities 60 72 Income taxes payable 40 34 Total current liabilities: 410 336 Bonds payable Total liabilities 290 180 700 516 Common stock Retained earnings. 210 250 107 74 Total stockholders' equity 317 324 Total liabilities and stockholders' equity $1,017 $840
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