Question: Please help me in preparing this CF statement. I'm taking Managerial accting Assests 2011 2010 Liabilities Marketable 45,000 33,000 Securities 26,000 AVR 4 19 17,000
Assests 2011 2010 Liabilities Marketable 45,000 33,000 Securities 26,000 AVR 4 19 17,000 2011 2010 870,000 570,000 Accrued Liabilities 590,000 25.000 42.000 Inventory b l 410,000 Total current liabilities 608,000 612,000 620,000 Prepaids 10,000 5.000 Total Current Assets 1, 279,000 Long Term Notes Payable t 2as 620000 Deferred Income Taxes f 133,000 1, 085,000 400,000 Sv 80,000 Long Term Investments 118,000 130,000 Total Liabilities ruoans to subsidiaries f 120.000 1, 648,000 1, 130,000 Property, Plant & Equip. 2, 370,000 Common stock 10 1.090,000 Accum. Depreciation 1,000,000 615,000 Retained Earnings 580,000 485,000 Total PP&E 1, 755,000 1, 240,000 Total Stockholders' Equity 1.670,000 1, 485.000 Goodwill J b Total Liabilities & Equity 3318000 2.61s.o00 Total Assets 3.318.000 2.615.000 Income Statement 2011 a. Cash dividends totaling $75.000 were paid during the year. 3,000,000 1, 860,000 b. Long Term notes with a value of $380,000 were repaid during Gross Margin 1.140,000 the year. PPE op. Expenses 930,000 210,000 c. Equipment was sold for S70.000 during the year. The equipment Gain on Sale of Invest. had cost $130.000 and had accumulated depreciation of $40.000 Loss on Disposal of Equip. 20,000 at the time of sale une) Income Before Taxes 250,000 axes d. Long term investment were said for 110,000 during the year. ts Net Income The original cost of the investments was ss0,000. 2py. Required: Prepare the 2011 cash Flow Statement using the Indirect Method. What problems related to the company's activities are revealed through study of the statement? Garrision 10e 16-17
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