Question: Instruction to Chegg Solver : Must be solved with Documents( Word pad, Notepad...) or convertible to Ms. word or excel. SAYDON BOTTLING CO. BALANCE SHEETS
Instruction to Chegg Solver : Must be solved with Documents( Word pad, Notepad...) or convertible to Ms. word or excel.
SAYDON BOTTLING CO. BALANCE SHEETS Assets Dec. 31, 2011 Dec. 31, 2010 Inc./Dec. Cash $45,000 $13,000 $32,000 Inc. Accounts receivable 91,000 88,000 3,000 Inc. Equipment 39,000 22,000 17,000 Inc. Less: Accumulated depreciation (17,000) (11,000) 6,000 Inc. Total $158,000 $112,000 ======= ======= Liabilities and Stockholders Equity Accounts payable $20,000 $15,000 5,000 Inc. Common stock 100,000 80,000 20,000 Inc. Retained earnings 38,000 17,000 21,000 Inc. Total $158,000 $112,000 ======== ======= Net income of $34,000 was reported, and dividends of $13,000 were paid in 2011. New Equipment was purchased and none was sold. Instructions: Prepare a statement of cash flow by using Indirect Method
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