Question: i need help with part 1 and part 2, please Liabilities and Equity Accounts payable Equity Common stock, $5 par value Paid-in-captial in excess of



Liabilities and Equity Accounts payable Equity Common stock, $5 par value Paid-in-captial in excess of par, common stock Retained earnings Total Equity Total liabilities and equity Additional information: a. Loss on the cash sale of equipment b. Sold equipment costing Accumulated depreciation on equipment sold Cash received for sale of equipment c. Purchase price of equipment Cash paid for equipment Long-term note payable for equipment purchase d. Borrowed cash by signing a short-term note payable e. Cash paid to reduce the long-term notes payable f. Issued $2500 that shares of common stock for $20 per share g. Declared and paid cash dividends 50,100 Part 1: Prepare a complete statement of cash flows using the indirect method for the current year. Disclose any non-cash investing and financing activities in a note to the financial statements. Make sure that you prepare the statement in good form. \begin{tabular}{|l|l|} \hline 95 & \\ 96 & \\ 97 & \\ 98 & \\ 99 & Part 2: Analyze and discuss the statement of cash flows prepared in Part 1, \end{tabular} 100 Giving special attention to the wisdom of the cash dividend payment. 101 You should place that commentary within this document below here. This should be about a paragraph in length
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