Question: 2 1 4 i 1 Problem 2 1 - 4 ( Static ) Statement of cash flows; direct method [ LO 2 1 - 3
i
Problem Static Statement of cash flows; direct method LO
The comparative balance sheets for and and the statement of Income for are given below for Dux Company. Additional Information from Dux's accounting records is provided also.
tableDUX COMPANY Comparative Balance Sheets December and s in thousandsAssetsCash$ Accounts receivable,Less: Allowance for uncollectible accounts,Dividends receivable,InventoryLongterim investment,LandBuildings and equipment,Less: Accunulated depreciation,$ LiabilitiesAccounts payable,$ Salaries payable,tabletableInterest payable,Income tax payable,Notes payable,Bonds payable,,Less: Discount on bonds,Shareholders Equity,Comnon stock,,Paidin capitalexcess of par,tabletableRetained earnings,,Less: Treasury stock,table$
DUX CONPANY
Income Statement
For the Year Ended December
$ thousands
Revenues
Sales revenue
$
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