25. Talbert Corp.'s balance sheet accounts as of December 31, 20014 and 2015 and information relating...

 

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25. Talbert Corp.'s balance sheet accounts as of December 31, 20014 and 2015 and information relating to 2015 activities are presented below. . Assets Cash Short Term Investments Accounts Receivable (net) Inventory Long Term Investments Plant Assets Accumulated Depreciation Patent Total Assets Liabilities and Stockholders' Equity Accounts Payable and Accrued Liabilities Note Payable (nontrade) Common Stock $10 par Additional Paid-in-Capital Retained Earnings Total Liabilities and Stockholders' Equity December 31, 2017 2015 2014 $ 440,000 500,000 1,020,000 1,380,000 400,000 3,400,000 900,000 180,000 $6,520,000 $1,660,000 580,000 1,600,000 800,000 1,880,000 $6,520,000 $ 200,000 1,020,000 1,200,000 600,000 2,000,000 900,000 200,000 $4,320,000 $1,440,000 1,400,000 500,000 980,000 $4,320,000 Information relating to 2015 activities: Net income for 2008 was $1,500,000. Cash dividends of $600,000 were declared and paid in 2015. Equipment costing $1,000,000 and having a carrying amount of $320,000 was sold in 2015 for $360,000. A long-term investment was sold in 2015 for $320,000. There were no other transactions affecting long-term investments in 2015 20,000 shares of common stock were issued in 2015 for $25 a share. Short-term investments consist of treasury bills maturing on 6/30/16. Prepare the Statement of Cash Flows (in good form) for Talbert Corp. for the current fiscal year end. 25. Talbert Corp.'s balance sheet accounts as of December 31, 20014 and 2015 and information relating to 2015 activities are presented below. . Assets Cash Short Term Investments Accounts Receivable (net) Inventory Long Term Investments Plant Assets Accumulated Depreciation Patent Total Assets Liabilities and Stockholders' Equity Accounts Payable and Accrued Liabilities Note Payable (nontrade) Common Stock $10 par Additional Paid-in-Capital Retained Earnings Total Liabilities and Stockholders' Equity December 31, 2017 2015 2014 $ 440,000 500,000 1,020,000 1,380,000 400,000 3,400,000 900,000 180,000 $6,520,000 $1,660,000 580,000 1,600,000 800,000 1,880,000 $6,520,000 $ 200,000 1,020,000 1,200,000 600,000 2,000,000 900,000 200,000 $4,320,000 $1,440,000 1,400,000 500,000 980,000 $4,320,000 Information relating to 2015 activities: Net income for 2008 was $1,500,000. Cash dividends of $600,000 were declared and paid in 2015. Equipment costing $1,000,000 and having a carrying amount of $320,000 was sold in 2015 for $360,000. A long-term investment was sold in 2015 for $320,000. There were no other transactions affecting long-term investments in 2015 20,000 shares of common stock were issued in 2015 for $25 a share. Short-term investments consist of treasury bills maturing on 6/30/16. Prepare the Statement of Cash Flows (in good form) for Talbert Corp. for the current fiscal year end.

Answer rating: 100% (QA)

17 Net cash used in Jamisons 2015 investing activities was D 1720000 18 Net cash provided by Jamison... View the full answer