Old MathJax webview

Old MathJax webview

with in 15 min please

Use the ABC Inc, financial statements and supplementary information given below to prepare a statement of cash flows for the year ended Decembe Additional Information: a. Purchased equipment for $43,000 cash, b. Sold the long-term investment on January 1, 2014 for $14,000, c. Sold equipment for $15,500 cash that had originally cost $57,000 and had $41,500 of accumulated depreciation d Issued $40,000 of bonds payable at tace value 2. The short-term investment is a treasury bill that was purchased with maturity in 90 days. (select one) Statement of Cash Flows (select one) Cash flows from operating activities Adjust to reconcile net income to cash provided by operact: ABC Inc Comparative Balance Sheet Information December 31 Assets 2014 2013 Cash 234,400 170,000 Short-term investments 127,000 121,000 Accounts receivable 141,500 93,000 Merchandise Inventory 66,000 Long term investment 0 28,000 Equipment 206,000 220,000 Accumulated depreciation (114,500) (120,000) Total assets 697,000 578,000 102,600 Cash flows from investing activities Cash flows from financing activities Liabilities and Equity Accounts payable Dividends payable Bonds payable Share capital Retained earrings Total abilities and equity Net increase (decrease) in cash Cash at beginning of year Cash at end of year 91.000 27.000 40.000 309,000 230,000 597000 72,000 43,000 0 309,000 154,000 578,000