Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

solution Statement of cash flows preparation Selected financial statement information and additional data for Stanislaus Co.is presented below. Prepare a statement of cash flows for

image text in transcribed

solution

Statement of cash flows preparation Selected financial statement information and additional data for Stanislaus Co.is presented below. Prepare a statement of cash flows for the year ending December 31, 2020 Land Equipment Inventory. Accounts receivable (net). Cash TOTAL 2019 58,800 504.000 168.000 84.000 42.000 856 800 December 31 2020 21,000 789,600 201,600 151.200 63.000 1.226.400 Share capital-ordinary 420,000 487,200 Retained earnings 67,200 205.800 Notes payable - Long-term. 168.000 302.400 Notes payable - Short-term 67 200 29,400 Accounts payable 50.400 86.000 Accumulated depreciation 84.000 115.600 TOTAL 856.800 1.226.400 Additional data for 2012 1. Net income was 235,200 2. Depreciation was 31,600 3. Land was sold at its onginal cost. 4. Dividends of 96,600 were paid 5. Equipment was purchased for 84.000 cash. 6. A long-term note for 201.600 was used to pay for an equipment purchase. 7. Share capital-ordinary was issued to pay a 67.200 long-term note payable

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

Curriculum Auditing

Authors: Fenwick W. English

1st Edition

0877625921, 978-0877625926

More Books

Students also viewed these Accounting questions

Question

=+2.23. 1 Extend (2.29) to ordinals & Answered: 1 week ago

Answered: 1 week ago

Question

7. List behaviors to improve effective leadership in meetings

Answered: 1 week ago

Question

6. Explain the six-step group decision process

Answered: 1 week ago