! Required information Problem 13-7 Prepare a Statement of Cash Flows [LO13-1, LO13-2] [The following information...
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! Required information Problem 13-7 Prepare a Statement of Cash Flows [LO13-1, LO13-2] [The following information applies to the questions displayed below.] Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet at December 31 This Last Year Year Assets Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Total current assets $ 10 $ 12 294 229 158 195 8 5 470 441 Property, plant, and equipment 513 433 Less accumulated depreciation (81) (71) Net property, plant, and equipment Long-term investments 432 362 26 32 Total assets $ 928 $835 Liabilities and Stockholders' Equity Accounts payable $ 303 $226 Accrued liabilities 72 78 Income taxes payable 73 63 Total current liabilities 448 367 Bonds payable 197 171 Total liabilities 645 538 Common stock 161 200 Retained earnings 122 97 Total stockholders' equity 283 297 Total liabilities and stockholders' equity $ 928 $835 ! Required information Problem 13-7 Prepare a Statement of Cash Flows [LO13-1, LO13-2] [The following information applies to the questions displayed below.] Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet at December 31 This Last Year Year Assets Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Total current assets $ 10 $ 12 294 229 158 195 8 5 470 441 Property, plant, and equipment 513 433 Less accumulated depreciation (81) (71) Net property, plant, and equipment Long-term investments 432 362 26 32 Total assets $ 928 $835 Liabilities and Stockholders' Equity Accounts payable $ 303 $226 Accrued liabilities 72 78 Income taxes payable 73 63 Total current liabilities 448 367 Bonds payable 197 171 Total liabilities 645 538 Common stock 161 200 Retained earnings 122 97 Total stockholders' equity 283 297 Total liabilities and stockholders' equity $ 928 $835
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