Question: Please complete the problem, I will rate the answer! D. 2, 3, 4 PR 13-1A Statement of cash flows-indirect method The comparative balance sheet of
Please complete the problem, I will rate the answer!

D. 2, 3, 4 PR 13-1A Statement of cash flows-indirect method The comparative balance sheet of Livers Inc. for December 31, 20Y3 and 20Y2, is shown as f Dec. 31,20Y2 Dec. 31, 20Y3 om S 150,000 $ 155,000 450,000 770,000 0 500,000 Assets 400,000 750,000 100,000 Cash. Accounts receivable (net) Inventories Investments. Land Equipment... Accumulated depreciation-equipment Total assets ATE (600,000) $2,675,000 1,200,000 (500,000) $2,100,000 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Accrued expenses payable (operating expenses) Dividends payable Common stock, $4 par Paid-in capital: Excess of issue price over par-common stock Retained earnings.... Total liabilities and stockholders' equity 340,000 45,000 30,000 700,000 200,000 1,360,000 $2,675,000 300,000 50,000 25,000 600,000 175,000 950,000 $2,100,000 .. . . Additional data obtained from an examination of the accounts in the ledger for 20Y3 are as follows A. The investments were sold for $175,000 cash B. Equipment and land were acquired for cash. C. There were no disposals of equipment during the year. D. The common stock was issued for cash E. There was a $500,000 credit to Retained Earnings for net income. F. There was a $90,000 debit to Retained Earnings for cash dividends declared. Instructions Prep operating activities. are a statement of cash flows, using the indirect method of presenting cash flows from
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
