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using the indirect method!! Weaver Company Comparative Balance Sheet at December 31 This Year Last Year $ 20 293 150 9 472 505 (82) 423
using the indirect method!!
Weaver Company Comparative Balance Sheet at December 31 This Year Last Year $ 20 293 150 9 472 505 (82) 423 25 920 $ 12 230 195 6 443 426 (71) 355 32 330 Assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Long-term investments Total assets Liabilities and Stockholders' Equity Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 302 71 73 446 198 644 160 116 276 $ 920 $225 78 63 366 170 536 201 93 294 $830 of 2 Weaver Company Income Statement For This Year Ended December 31 Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Nonoperating items: Gain on sale of investments $ 5 Loss on sale of equipment (2) Income before taxes Income taxes Net income $751 449 302 219 83 ped 3 86 22 $ 64 bok During this year, Weaver sold some equipment for $19 that had cost $31 and on which there was accumulated depreciation of $10. In addition, the company sold long-term investments for $12 that had cost $7 when purchased several years ago. Weaver paid a cash dividend this year and the company repurchased $41 of its own stock. This year Weaver did not retire any bonds Problem 15-7 Part 2 (Algo) 2. Using the information from Part 1, along with an analysis of the remaining balance sheet accounts, prepare a statement of cash flows 2. Using the information from Part 1, along with an analysis of the remaining balance sheet accounts, prepare a statement of cash flows for this year. (List any deduction in cash and cash outflows as negative amounts.) Weaver Company Statement of Cash Flows For This Year Ended December 31 Operating activities: Investing activities: 0 Financing activities: 0 0 Beginning cash and cash equivalents Ending cash and cash equivalents $ 0Step by Step Solution
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