An analysis of accounts follows: a. Purchased equipment, $16,000, and issued capital stock in full payment. b.
Question:
An analysis of accounts follows:
a. Purchased equipment, $16,000, and issued capital stock in full payment.
b. Purchased a long-term investment for cash, $10,000.
c. Paid cash dividend, $15,000.
d. Sold operational asset for $6,000 cash (cost, $21,000, accumulated depreciation, $15,000).
e. Sold capital stock, 300 shares at $12 per share cash.
Required:
Complete the spreadsheet for the statement of cash flows, indirectmethod.
Transcribed Image Text:
ANALYSIS OF CHANGES Beginning Balances, 12/31/2010 Ending Balances, 1231/2011 Items from Financial Stntements Credit Income statement items S140,000 20,500 Merchandise inventory termm Inflows Cash flows from operating activities: Cash flows from investing activities: Cash flows from financing activities: Net increase (decrease) in cash
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Balances Analysis Balances Item 12312010 Debit Credit 12312011 Cash 20500 l 1700 18800 Noncash accou...View the full answer
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