Question

Problem 13-7 Prepare a Statement of Cash Flows [LO13-1, The following information applies to the questions displayed below Comparative financial statements for Weaver Company follow homework Net operating inoome Comparative Balance Sheet at December 31 Gain on sale of investsente Loss on sale of equipment This Last Inoome before taxes Incone taxerS Assets Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment s 11 230 195 297 469441 432 (71) During this year, Weaver sold some equipment for $19 that had cost $30 and on which there was accumulated depreciation of $10. In addition, the company sold long.term investments for $12 that had cost $6 when purchased several years ago. Weaver paid a cash dividend this year and the company repurchased $41 of its own stock. This year Weaver did not retire any bonds. Less accumulated depreciation Net property, plant, and equipment Long-term investnents Total assets (86) Problem 13.7 Part 1 $ 918 Liabilities and Stockholders' Equity Accounts payable Accrued liabilities Income taxes payable Total current 1iabilities Bonds payable Total liabilities Conmon stock Retained earningt Total stockholders' equity Total liabilities and stockholders' equity Required: 1 Using the indirect method, determine the net cash provided bylused in operating activities for this year. (List any deduction in cash $225 71 74 63 and cash outfiows as negative amounts.) 95 643 01 94 15 295 ustments to convet ne income to a cash bass: $ 919 $933 Neaver Company Income Statement For Thin Year Ended December 31 Sales Cost of goods sold Grosa nargin selling and adminiatrative expenses Net operating income Nonoperating items: 450 303

Answer 1

Weawer Copau Net Zncome Adushments to nvet nok incev to A los on oole equipment Giain on nvegt ments C$49 +30-10 中(6) Diffehena in bepreciohi bepvectation Expeuge ¡create in cuvrentawh Ancnak th aurent Urabi bhey 申28) 81 iu