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where it says cash balance in red, this is supposed to be aquired land if that helps The comparative balance sheets for 2021 and 2020
where it says cash balance in red, this is supposed to be aquired land if that helps
The comparative balance sheets for 2021 and 2020 and the statement of income for 2021 are given below for Dux Company. Additional information from Dux's accounting records is provided also. DUX COMPANY Comparative Balance Sheets December 31, 2021 and 2020 ($ in thousands) 2021 2020 $ 62 $ 35 61 (4) (3) Assets Cash Accounts receivable Less: Allowance for uncollectible accounts Dividends receivable Inventory Long-term investment Land Buildings and equipment Less: Accumulated depreciation 90 291 (62) $ 563 60 300 (90) $ 481 $ 41 $ 73 Liabilities Accounts payable Salaries payable Interest payable Income tax payable Notes payable Bonds payable Less: Discount on bonds 95 120 (5) (6) DUX COMPANY Statement of Cash Flows For the year ended December 31, 2021 ($ in thousands) Cash flows from operating activities: Cash inflows: From customers $ 355 X From dividends received Cash outflows: To suppliers of goods To employees For interest (232) (30) (5) (31) For income taxes 61 Net cash flows from operating activities Cash flows from investing activities: Sale of building Purchase of long-term investment Purchase of equipment (5) (39)Step by Step Solution
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