Weaver Company | |
Net Cashflows from Operating activities (Direct Method) | |
Particulars | Amount |
Sales (A) | |
Less: Credit Sales | |
Adjustments to Cash basis : | |
COGS -Dep | |
Selling and Adming Exp | $ 249.00 |
Income taxes | $ 41.00 |
Total (B) | $ 290.00 |
Adjusted Income (A-B) | -$ 290.00 |
Weaver Company | |
Statement of Cash flows | |
For the year ended at Dec31 | |
Particulars | Amount |
Operating Activiities: | -$ 290.00 |
Cash received from customers | $ 715.00 |
less Cash disbursed | -$ 297.00 |
Investing Activities: | |
Sale of Long Term Investment | $ 56.00 |
Purchase of Equipment | -$ 162.00 |
Sale of Equipment | $ 13.00 |
Financial Activities: | |
Purchase of Bonds | -$ 60.00 |
Dividend paid (Bal Figure) | -$ 18.00 |
Total Cashflow | -43 |
Beginning Cash or Cash equivalents | 30 |
End Cash or Cash equivalents | 13 |
Equipment A/c | |||||
Dr | Cr | ||||
Particulars | Amt | Particulars | Amt | ||
Opening Bal | $ 610.00 | By Cash | $ 13.00 | ||
Purchase of Equipment during the year (Bal Fig.)(?) | $ 162.00 | By loss on sale of equipment | $ 6.00 | ||
$ 33.00 | |||||
Closing bal | $ 720.00 | ||||
$ 772.00 | $ 772.00 | ||||
Accumulated Dep A/c | |||||
Dr | Cr | ||||
Particulars | Amt | Particulars | Amt | ||
Opening Bal | $ 40.00 | ||||
Dep on sale of equipment | $ 33.00 | Dep during the year (Bal Figure)(??) | $ 98.00 | ||
Closing bal | $ 105.00 | ||||
$ 138.00 | $ 138.00 | ||||
Long Term Investment A/c | |||||
Dr | Cr | ||||
Particulars | Amt | Particulars | Amt | ||
Opening Bal | $ 51.00 | By Cash | $ 56.00 | ||
Gain on sale | $ 8.00 | ||||
Closing bal | $ 3.00 | ||||
$ 59.00 | $ 59.00 | ||||
Common Stock A/C | |||||
Dr | Cr | ||||
Particulars | Amt | Particulars | Amt | ||
Opening Bal | $ 450.00 | ||||
Repurchased of own stock | $ 82.00 | ||||
Closing bal | $ 368.00 | ||||
$ 450.00 | $ 450.00 | ||||
Income tax Payable | |||||
Dr | Cr | ||||
Particulars | Amt | Particulars | Amt | ||
Opening Bal | $ 81.00 | ||||
Income tax paid (Bal) | $ 41.00 | Income taxes | $ 48.00 | ||
Closing bal | $ 88.00 | ||||
$ 129.00 | $ 129.00 | ||||
Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet at December 31 This...
Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet at December 31 This Year Last Year $ $ 19 730 205 33 440 270 8 964 751 1,592 .375 Assets Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Long-term investments Total assets Liabilities and Stockholders' Equity Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total liabilities Common...
Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet at December 31 This Year Last Year Assets Cash $ $ 15 19 430 290 Accounts receivable Inventory 150 195 Prepaid expenses 7 Total current assets 602 509 Property, plant, and equipment Less accumulated depreciation 490 600 105 40 Net property, plant, and equipment 495 450 Long-term investments 18 39 $1,115 $ 998 Total assets Liabilities and Stockholders' Equity Accounts payable $ $ 310 245 Accrued liabilities 65...
Comparative financial statements for Weaver Company follow Weaver Company Comparative Balance Sheet at December 31 This Year Last Year 14 470 $ 21 310 205 165 658 629 18 $1,181 $1,034 Assets Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Long-term investments Total assets Liabilities and Stockholders' Equity Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total liabilities Common stock...
Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet at December 31 This Year Last Year Assets Cash and cash equivalents $ 10 $ 20 Accounts receivable 590 370 Inventory 170 235 Prepaid expenses 9 7 Total current assets 779 632 Property, plant, and equipment 680 570 Less accumulated depreciation 75 60 Net property, plant, and equipment 605 510 Long-term investments 2 47 Total assets $ 1,386 $ 1,189 Liabilities and Stockholders' Equity Accounts payable $ 390...
Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet at December 31 This Year Last Year $ $ 13 670 30 410 -Book 255 prences Assets Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Long-term investments Total assets Liabilities and Stockholders' Equity Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total liabilities Common stock Retained earnings Total...
Comparative financlal statements for Weaver Company follow Weaver Company Comparative Balance Sheet at December 31 Last Year This Year Assets 4 Cash 18 Accounts receivable 250 200 Inventory Prepaid expenses Total current assets Property, plant, and equipment Less accumulated depreciation 18e 158 5 3 359 363 510 480 98 58 350 Net property, plant, and equipment Long-term investments 428 26 30 S 743 $885 Total assets Liabilities and Stockholders Equity Accounts payable $ 220 280 Accrued liabilities 35 50 Income...
Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet at December 31 This Year Last Year Assets Cash and cash equivalents $ 13 $ 30 Accounts receivable 670 410 Inventory 190 255 Prepaid expenses 7 5 Total current assets 880 700 Property, plant, and equipment 720 610 Less accumulated depreciation 105 40 Net property, plant, and equipment 615 570 Long-term investments 3 51 Total assets $ 1,498 $ 1,321 Liabilities and Stockholders' Equity Accounts payable $ 430...
Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet at December 31 This Year Last Year $ 28 294 152 8 482 509 (83) 426 26 $ 934 $ 13 231 196 5 445 431 (70) 361 32 $838 Assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Long-term investments Total assets Liabilities and Stockholders' Equity Accounts payable Accrued liabilities Income taxes payable Total...
Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet at December 31 This Year Last Year Assets Cash and cash equivalents $ 3 $ 14 Accounts receivable 330 240 Inventory 110 170 Prepaid expenses 9 7 Total current assets 452 431 Property, plant, and equipment 550 440 Less accumulated depreciation 60 50 Net property, plant, and equipment 490 390 Long-term investments 25 34 Total assets $ 967 $ 855 Liabilities and Stockholders' Equity Accounts payable $ 260...
Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet at December 31 This Year Last Year Assets Cash and cash equivalents $ 3 $ 14 Accounts receivable 330 240 Inventory 110 170 Prepaid expenses 9 7 Total current assets 452 431 Property, plant, and equipment 550 440 Less accumulated depreciation 60 50 Net property, plant, and equipment 490 390 Long-term investments 25 34 Total assets $ 967 $ 855 Liabilities and Stockholders' Equity Accounts payable $ 260...