Question: Problem 21-4 Statement of cash flows; direct method [LO21-3, 21-8] The comparative balance sheets for 2016 and 2015 and the statement of income for 2016
Problem 21-4 Statement of cash flows; direct method [LO21-3, 21-8] The comparative balance sheets for 2016 and 2015 and the statement of income for 2016 are given below for Dux Company. Additional information from Dux's accounting records is provided also. DUX COMPANY Comparative Balance Sheets December 31, 2016 and 2015 ($ in 000s) 2016 2015 Assets Cash Accounts receivable Dividends recelvablee $ 62 $ 35 62 57 75 70 45 40 90 60 291 300 (62) (90) Long-term investment Land Buildings and equipment $ 563 $ 481 Liabilities Accounts payable Salaries payable Interest payable Income tax payable Notes payable $41 73 Bonds payabount on bonds 30 120 95 Shareholders Equity Common stock 210 200 capital-excess of par Less: Treasury stock (at cost) Retained earnings 137 (10) $ 563 $ 481 DUX COMPANY For Year Ended December 31, 2016 s in 000s) Gales revenue s 350 $ 355 O Type here to search
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
