Thats the question: Indirecr cash flow
Paid in Capital in ERC CUP Common Stock Paid in Capital in Excess of Per-Common Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 186.000 136.000 150.000 38 520 4520 791.520 140,520 51.439,190 $153.040 a. b. c. Additional data for Corvallis Canoe Company is: 1. The income statement for 2019 included the following items: Net income, S417,000. Depreciation expense for the year, $34,330. Amortization on the bonds payable, $254. There were no disposals of property, plant and equipment during the year. All acquisitions of PP&E were for cash except the land, which was acquired by issuing preferred stock. These included an office building and furniture for the new offices. 3. The company issued bonds payable with a face value of $210,000, receiving cash of $208,476. 4. The company distributed 4,000 shares of common stock in a stock dividend when the market value was $4.50 per share. All other dividends were paid in cash. 5. The common stock, except for the stock dividend, was issued for cash. The cash receipt from the notes payable in 2019 is considered a financing activity because it does not relate to operations. 6. Requirements 4. Prepare the statement of cash flows for the year ended December 31, 2019, using the indirect method, and incorporating the additional data just given. Corvallis Canoe Company wants to invest some of its excess cash in trading securities and is considering two investments, The Paddle Company (PC) and Recreational Life Vests (RLV). Shown here is the income statement, balance sheet, and other data for both companies for 2019 and 2018, with select 2017 data. Assume that Sales Revenue Corvallis Cane Company Comparative Balance Sheet December 31, 2018 and 2019 Cart SITES Short Terme, net Accueil Merchand Row Total Cart A SUNE 2 199.00 TITT Total PPAR Total 35, DELLIS 1.SI Labies Ace Tece Paralli op Pe Cape Com INI TV SLAM old 1. Additional data for Corvallis Cance Company is The income statement for 2019 included the following items Netiscome, 417.000 Depreciation expense for the year, 534,330. b. Requirements 4. Prepare the statement of flows for the year ended December 31,2019, using the indirect method, and incorporating the additional data just given Corvallis Canoe Company wants to invest some of its excess cash in trading securities and is considering two investments, The Paddle Company (PC) and Recreational Life Vests (RLV). Shown here is the income statement, balance sheet, and other data for both companies for 2019 and 2018, with seleet 2017 data. Assume that Sales Revenue is credit sales: THE PADDLE COMPANY Comparative Fascial Statements RECREATIONAL LIFE VESTS Comparative and Statemats Years Ended December 31 Year Ended December 31 Inco 3019 2018 2019 2018 1017 5: 45.5 415.410 5410,570 S Net als Cost of Goods Sold 15129 256797 Grosso 116.213 16.01 Openis Operating Interesse 23 3117 2.70 90 Icebe PL 15 30.10 SOT KO 64 Income Tax Espesse Netcome SU S. Ralance Sheet D. 2018 2017 2019 2007 56,730 55.00 Cash & Cash Live Account $ 6,150 $10.99 4479 4413 79.919 66,341 54104 39.10 3.650 Merchandise every 7663 SO 65.130 Other Current 1024 1975 Tout Care 19. 196. 136.700 116.270 33115.22 3310 Lab 56.554 So 010 10 72. 102.430 16. 12 1939 Total SS Other Date Market price per her Aper Weighted avenger saber of 031 9.45 Requirements 4. Prepare the statement of cash flows for the year ended December 31, 2019, using the indirect method, and incorporating the additional data just given. Corvallis Canoe Company wants to invest some of its excess cash in trading securities and is considering two investments, The Paddle Company (PC) and Recreational Life Vests (RLV). Shown here is the income statement, balance sheet, and other data for both companies for 2019 and 2018, with select 2017 data. Assume that Sales Revenue Paid in Capital in ERC CUP Common Stock Paid in Capital in Excess of Per-Common Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 186.000 136.000 150.000 38 520 4520 791.520 140,520 51.439,190 $153.040 a. b. c. Additional data for Corvallis Canoe Company is: 1. The income statement for 2019 included the following items: Net income, S417,000. Depreciation expense for the year, $34,330. Amortization on the bonds payable, $254. There were no disposals of property, plant and equipment during the year. All acquisitions of PP&E were for cash except the land, which was acquired by issuing preferred stock. These included an office building and furniture for the new offices. 3. The company issued bonds payable with a face value of $210,000, receiving cash of $208,476. 4. The company distributed 4,000 shares of common stock in a stock dividend when the market value was $4.50 per share. All other dividends were paid in cash. 5. The common stock, except for the stock dividend, was issued for cash. The cash receipt from the notes payable in 2019 is considered a financing activity because it does not relate to operations. 6. Requirements 4. Prepare the statement of cash flows for the year ended December 31, 2019, using the indirect method, and incorporating the additional data just given. Corvallis Canoe Company wants to invest some of its excess cash in trading securities and is considering two investments, The Paddle Company (PC) and Recreational Life Vests (RLV). Shown here is the income statement, balance sheet, and other data for both companies for 2019 and 2018, with select 2017 data. Assume that Sales Revenue Corvallis Cane Company Comparative Balance Sheet December 31, 2018 and 2019 Cart SITES Short Terme, net Accueil Merchand Row Total Cart A SUNE 2 199.00 TITT Total PPAR Total 35, DELLIS 1.SI Labies Ace Tece Paralli op Pe Cape Com INI TV SLAM old 1. Additional data for Corvallis Cance Company is The income statement for 2019 included the following items Netiscome, 417.000 Depreciation expense for the year, 534,330. b. Requirements 4. Prepare the statement of flows for the year ended December 31,2019, using the indirect method, and incorporating the additional data just given Corvallis Canoe Company wants to invest some of its excess cash in trading securities and is considering two investments, The Paddle Company (PC) and Recreational Life Vests (RLV). Shown here is the income statement, balance sheet, and other data for both companies for 2019 and 2018, with seleet 2017 data. Assume that Sales Revenue is credit sales: THE PADDLE COMPANY Comparative Fascial Statements RECREATIONAL LIFE VESTS Comparative and Statemats Years Ended December 31 Year Ended December 31 Inco 3019 2018 2019 2018 1017 5: 45.5 415.410 5410,570 S Net als Cost of Goods Sold 15129 256797 Grosso 116.213 16.01 Openis Operating Interesse 23 3117 2.70 90 Icebe PL 15 30.10 SOT KO 64 Income Tax Espesse Netcome SU S. Ralance Sheet D. 2018 2017 2019 2007 56,730 55.00 Cash & Cash Live Account $ 6,150 $10.99 4479 4413 79.919 66,341 54104 39.10 3.650 Merchandise every 7663 SO 65.130 Other Current 1024 1975 Tout Care 19. 196. 136.700 116.270 33115.22 3310 Lab 56.554 So 010 10 72. 102.430 16. 12 1939 Total SS Other Date Market price per her Aper Weighted avenger saber of 031 9.45 Requirements 4. Prepare the statement of cash flows for the year ended December 31, 2019, using the indirect method, and incorporating the additional data just given. Corvallis Canoe Company wants to invest some of its excess cash in trading securities and is considering two investments, The Paddle Company (PC) and Recreational Life Vests (RLV). Shown here is the income statement, balance sheet, and other data for both companies for 2019 and 2018, with select 2017 data. Assume that Sales Revenue
