Question: The comperative balance sheets for 2 0 2 4 and 2 0 0 3 and the income statement for 2 0 2 4 are given
The comperative balance sheets for and and the income statement for are given below for Arduous Company. Additional information from Ardusus's accounting records is provided also.
tableHBUDUS CONFWY Comparative Balance Sheets Secenter t and $ in sillionsAvsetsCashAccounts receisuble,. Investement revenve receisative,InvertisyPrepaid insurance, tLongters inveltaent,LandBollesings and equipment,Lessi Actumvated depreciation,kighttvie assitbuilding,PytamLimbiniesAcesurits Bayable,Saturies purable,Interest Bapable bondse tas paysile,Geferred sam liability,Enteri paribis,Lase tabstityBowst parabile,Shareheleters Equity,Comesh state,Paidis sapizaltacess of pyPreferted Mack,toeRetained earning,Lesst Treasy stack,equivalents
c Cifulpment originally costing $mllion that was onehall depreciated was rendered un sable by a flood. Most major componants of the equlpment were unharmed and were sold for $ million.
d Temporary differences between pretax accounting income and tasable income classed the deferred las llablity to increase by $ million.
e The preferred seck of Tory Corporation was purchased for $ million as a longlem investment.
At Deceriber the right to use a building was acgulsed with a year fluace lease agreement present value of lease payments, $ million. Annual lease payments of $ million are paid at the end of each pear beginning in
h $ million of bonds weee retired at maturity. per share at that time.
Required:
Prepare the sulpement of cash flows of Arduous Company for the year ended December Present cash flows from operabing activities by the direct method.
Note: De net round your intermediate calculations. Enter your answers in mallions should be entered as Ameunts the lee defutted should be indicated with a minus sign.
tableAEDUOUS CONPWYStatemest off Cubis FluesFor yeer ended December S in seificure;Caph figen flun seensting scivities:,,Cash influes:,,Conh Buttive,,
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NeverIf Aprk, million shares of common stock were repurchased as treasuy stack at a cost of $ million.
Required:
Prepare the stabement of cash flows of Arduous Company for the year ended December L Present clush flows from operating activities by the direct method. Robounts to be dedocted should be indicated with a miniss sign.
tabletableARDWOUS CONFWMYSlatement eal Canh Flew:Canh How hom operating actulties:,,Cavh inlluet:,,Cavelsouthow:
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eptionI. In April, million shaves of common stock were repurchased as treasury stack as a cost of $ million,
Required:
Prepare the statement of cash flows of Arduous Company for the year ended December Phesent cash flows from operating activities by the direct method.
Nohe: Do not reund your intermediate calculations. Inter your answers in millions should be entered as Amousts to be defutted should be indicated with a minus slige.
tableARDUCUS CONPNUYStatumest at Cush FlowsFar pur anded December in rellionsCauh flown flom operating activities,Cauh intose:,Caubinathow:
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NevertableNeel cash flows fom aperating activities,,Cash flows from investing activities:,,Neil cash flows fom inwating activities,,Cash flows from fluarcing activities:,,Aver cails fows from fluncing acivities,,Neel herease devease in cauh,,Cash talarce Jahuey Cauh batance, Bucenter Noncauh investire and fluancing activities:,,
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