this is very confusing a statement of cash flows, using the indirect method of presentingcash flows from operating activities. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments.
CengageNOWv2 | C X Cash Flows from OF X > Blue Circle Corporal X Homework Help - C X b Answered: Dec. 31, X holodeck X + X C https://v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false . . 1. PE. 16-02.ALGO Statement of Cash Flows-Indirect Method The comparative balance sheet of Merrick Equipment Co. for December 31, 2019 and 20Y8, is as follows: 2. PE. 16-03.ALGO ? Dec. 31, Dec. 31, 3. PE. 16-04.ALGO 20Y9 20Y8 Assets 4. EX. 16-05.ALGO Cash $224,660 $207,540 5. EX. 16-12.ALGO Accounts receivable (net) 81,390 74,540 Inventories 229,760 220,710 6. EX. 16-17.ALGO Investments 0 85,500 Land 117,840 7. PR. 16-01.ALGO Equipment 253,490 195,120 8. PR. 16-02.ALGO Accumulated depreciation-equipment (59,350) (52,620) Total assets $847,790 $730,790 Liabilities and Stockholders' Equity Accounts payable $153,450 $143,970 Accrued expenses payable 15,260 19,000 Dividends payable 8,480 6,580 Common stock, $10 par 45,780 35,810 Paid-in capital: Excess of issue price over par-common stock 172,100 99,390 Progress: 7/8 items Previous Next Type here to search O 10:18 PM 6/16/2021CengageNOWv2 | C X Cash Flows from OF X > Blue Circle Corporal X Homework Help - C X b Answered: Dec. 31, X holodeck X + X C https://v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false . . Accounts payable $153,450 $143,970 1. PE. 16-02.ALGO Accrued expenses payable 15,260 19,000 2. PE. 16-03.ALGO Dividends payable 8,480 6,580 ? Common stock, $10 par 45,780 35,810 3. PE. 16-04.ALGO Paid-in capital: Excess of issue price over par-common stock 172,100 99,390 4. EX. 16-05.ALGO Retained earnings 452,720 426,040 Total liabilities and stockholders' equity $847,790 $730,790 5. EX. 16-12.ALGO Additional data obtained from an examination of the accounts in the ledger for 2019 are as follows: 6. EX. 16-17.ALGO a. Equipment and land were acquired for cash. b. There were no disposals of equipment during the year. 7. PR. 16-01.ALGO c. The investments were sold for $76,950 cash. d. The common stock was issued for cash. 8. PR. 16-02.ALGO . There was a $61,030 credit to Retained Earnings for net income. f. There was a $34,350 debit to Retained Earnings for cash dividends declared. Required: Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments. Merrick Equipment Co. Statement of Cash Flows For the Year Ended December 31, 20Y9 Cash flows from operating activities: Adisntmanta to Progress: 7/8 items Previous Next Type here to search O 10:19 PM 6/16/2021CengageNOWv2 | C X Cash Flows from OF X > Blue Circle Corporal X Homework Help - C X b Answered: Dec. 31, X holodeck X + X C https://v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false . . LIQUIIILIES allu GLUCANUIGEIS LyuIty 1. PE. 16-02.ALGO Accounts payable $153,450 $143,970 Accrued expenses payable 15,260 19,000 2. PE. 16-03.ALGO ? Dividends payable 8,480 6,580 3. PE. 16-04.ALGO Common stock, $10 par 45,780 35,810 Paid-in capital: Excess of issue price over par-common stock 172,100 99,390 4. EX. 16-05.ALGO Retained earnings 452,720 426,040 5. EX. 16-12.ALGO Total liabilities and stockholders' equity $847,790 $730,790 Additional data obtained from an examination of the accounts in the ledger for 2019 are as follows: 6. EX. 16-17.ALGO . Equipment and land were acquired for cash. 5 There were no disposals of equipment during the year. 7. PR. 16-01.ALGO . The investments were sold for $76,950 cash. I. The common stock was issued for cash 8. PR. 16-02.ALGO e. There was a $61,030 credit to Retained Earnings for net income. f. There was a $34,350 debit to Retained Earnings for cash dividends declared. Required: Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments. Merrick Equipment Co. Statement of Cash Flows For the Year Ended December 31, 20Y9 Cash flows from operating activities: Progress: 7/8 items Previous Next Type here to search O 10:19 PM 6/16/2021
