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Vaughn Corporation Statement of Cash Flows For the Year Ended December 31, 2025 Cash Flows from Operating Activities Net Income $ Adjustments to reconcile net
Vaughn Corporation Statement of Cash Flows For the Year Ended December 31, 2025 Cash Flows from Operating Activities Net Income $ Adjustments to reconcile net income to Net Cash Provided by Operating Activities Loss on Sale of Equipment Depreciation Expense Increase in Current Assets (Other than Cash) v The following information is available for 2025 . 1. Net income was $56,470. 2. Equipment (cost $21,570 and accumulated depreciation $9,570 ) was sold for $11,570. 3. Depreciation expense was $5,570 on the building and $10,570 on equipment. 4. Patent amortization was $2,500. 5. Current assets other than cash increased by $29,000. Current liabilities increased by $14,570. 6. An addition to the building was completed at a cost of $28,570. 7. A long-term investment in stock was purchased for $16,000. 8. Bonds payable of $52,190 were issued. 9. Cash dividends of $30,000 were declared and paid. 10. Treasury stock was purchased at a cost of $11,000. Net Cash Provided by Operating Activities Cash Flows from Investing Activities Sale of Equipment Addition to Building Investment in Stock Net Cash Used by Investing Activities Cash Flows from Financing Activities Issuance of Bonds Purchase of Treasury Stock Purchase of Treasury Stock Net Cash Provided by Financing Activities 28570 \begin{tabular}{|r|r} \hline 16000 \\ \hline \end{tabular} Vaughn Corporation's balance sheet at the end of 2024 included the following items. Purchase of Treasury Stock Net Cash Provided by Financing Activities Cash Flows from Financing Activities Cash at Beginning of Period Cash at End of Period eTextbook and Media List of Accounts Save for Later $ Attempts: 3 of 9 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above
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