Condensed financial data of Granger Inc. follow. Instructions Prepare a statement of cash flows using the indirect
Question:
Condensed financial data of Granger Inc. follow.
Instructions
Prepare a statement of cash flows using the indirect method.
Transcribed Image Text:
Assets Cash Accounts receivable Inventory Prepaid expenses Long-term investments Granger Inc. Comparative Balance Sheets December 31 Plant assets Accumulated depreciation Total Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings Total 2022 $ 80,800 87,800 112,500 28,400 138,000 285,000 (50,000) $682,500 $102,000 16,500 110,000 220,000 234,000 $682,500 2021 $48,400 38,000 102,850 26,000 109,000 242,500 (52,000) $514,750 $ 67,300 21,000 146,000 175,000 105,450 $514,750
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Accounting Principles
ISBN: 9781119707110
14th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell
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