Question: please show set by step Q2. (25 marks) Given the following information for Lesson Hercules Incorporated prepare their statement of cash flows for December 31,
Q2. (25 marks) Given the following information for Lesson Hercules Incorporated prepare their statement of cash flows for December 31, 2017 under ASPE. 2017*2016* Cash550365 Accounts receivable7585 Inventory3562 Prepaid Expenses 225 Non-current - Note receivable112300 Property, plant and Equipment430460 (net of depreciation) Accounts payable 1340 Accrued liabilities1 283 Common Shares934914 Retained Earnings 265240 Net income50 Depreciation expense30 * in 000s Q2. (25 marks) Given the following information for Lesson Hercules Incorporated prepare their statement of cash flows for December 31, 2017 under ASPE. Qash 550,365 7,585 3,562 225 112,300 430,460 Accounts receivable Inventory Prepaid Expenses Non-current - Note receivable Property, plant and Equipment (net of depreciation) Accounts payable Accrued liabilities Common Shares Retained Earnings Net income Depreciation expense 1,340 1,283 934,914 265,240 50 30,000
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
