Prepare a cash flow statement for Varian Medical Systems, Inc for 2022. ASSETS Cash Receivables, net...
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Prepare a cash flow statement for Varian Medical Systems, Inc for 2022. ASSETS Cash Receivables, net Inventories Property, plant, and equipment Less accumulated depreciation TOTAL ASSETS VARIAN MEDICAL SYSTEMS, INC Balance Sheets LIABILITIES AND STOCKHOLDERS EQUITY Accounts payable Taxes payable Total Long-Term Debt Common stock Capital in excess of par value Retained earnings TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 12/31/2022 S S 12/31/2021 62,000 $ 65,200 51,000 97,300 (29,500) 246,000 89,800 600 14,500 12,500 51,600 77,000 246,000 $ S S 55,400 58,100 53,800 86,100 (26,300) 227,100 83,300 900 15,400 11,800 50,800 64,900 227,100 VARIAN MEDICAL SYSTEMS, INC Income Statement Year ended 12/31/2022 Net sales Cost of goods sold Gross profit Operating expenses Depreciation expense Income from operations Gain on disposal Interest expense Income before income tax Income tax provision Net income S 236,000 133,100 102,900 51,600 5,500 1045,800 w 2,500 600 47,700 14,300 33,400 Additional information: 1) sold equipment that cost $3,300 and had accumulated depreciation of $2,300 for a $2,500 gain; 2) purchased new equipment for $14,500; 3) made $900 of long-term debt payments; 4) issued stock for $1,500; and 5) paid $21,300 cash dividends Prepare a cash flow statement for Varian Medical Systems, Inc for 2022. ASSETS Cash Receivables, net Inventories Property, plant, and equipment Less accumulated depreciation TOTAL ASSETS VARIAN MEDICAL SYSTEMS, INC Balance Sheets LIABILITIES AND STOCKHOLDERS EQUITY Accounts payable Taxes payable Total Long-Term Debt Common stock Capital in excess of par value Retained earnings TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 12/31/2022 S S 12/31/2021 62,000 $ 65,200 51,000 97,300 (29,500) 246,000 89,800 600 14,500 12,500 51,600 77,000 246,000 $ S S 55,400 58,100 53,800 86,100 (26,300) 227,100 83,300 900 15,400 11,800 50,800 64,900 227,100 VARIAN MEDICAL SYSTEMS, INC Income Statement Year ended 12/31/2022 Net sales Cost of goods sold Gross profit Operating expenses Depreciation expense Income from operations Gain on disposal Interest expense Income before income tax Income tax provision Net income S 236,000 133,100 102,900 51,600 5,500 1045,800 w 2,500 600 47,700 14,300 33,400 Additional information: 1) sold equipment that cost $3,300 and had accumulated depreciation of $2,300 for a $2,500 gain; 2) purchased new equipment for $14,500; 3) made $900 of long-term debt payments; 4) issued stock for $1,500; and 5) paid $21,300 cash dividends
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Varian Medical Systems Inc Cash Flow Statement For the year ended December 31 2022 Cash Flow Act... View the full answer
Related Book For
Financial Reporting Financial Statement Analysis and Valuation
ISBN: 978-0324302950
6th edition
Authors: Clyde P. Stickney
Posted Date:
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