Homework Answers
| SOLUTION : 1 | |||
| Statement of Cash Flows - Indirect Approach - Partial | |||
| Amount in $ | Amount in $ | ||
| Net income | $ 69 | ||
| Cash flows from operating activities | |||
| Adjustments for reconcile the net income to: | |||
| Gain on Sale of investments | $ -6 | ||
| Loss on sale of Equipment | $ 3 | ||
| $ -3 | |||
| Net cash from operating activities | $ 66 | ||
| Below transaction is not asked in in question but given for information. | |||
| Cash flows from investing activities | |||
| Sale of Equipment | $ 18 | ||
| Sale of long term investments | $ 13 | ||
| Net cash used in investing activities | $ 31 | ||
| Cash flows from Financing activities | |||
| Purchase of Treasury (Own) Stock | $ -42 | ||
| Dividend Paid | |||
| Net cash used in financing activities | $ -42 | ||
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Part 1 of 2 $ 754 446 308 219 Weaver Company Income Statement For This Year...
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Weaver Company Comparative Balance Sheet at December 31 This Year Last Year $ 9 291 158 9 467 514 $ 12 230 195 6 443 434 (72) 362 30 $835 (80) 434 23 $ 924 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 current liabilities Bonds payable Total liabilities Common...
Weaver Company Comparative Balance Sheet at December 31 This Year Last Year $ 12 294 160...
Weaver Company Comparative Balance Sheet at December 31 This Year Last Year $ 12 294 160 8 474 511 (81) 430 26 $ 13 230 195 5 443 431 (71) 360 32 $835 $ 930 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 current liabilities Bonds payable Total liabilities Common...
Weaver Company Comparative Balance Sheet at December 31 in Last Year D 5 * A N...
Weaver Company Comparative Balance Sheet at December 31 in Last Year D 5 * A N $ 12 297 228 156 195 474441 508 429 (85) (71) 423358 27 33 $ 924 $832 Assets Cash and cash equival Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipmen Long-term investments Total assets Liabilities and Stoc Accounts payable Accrued liabilities Income taxes payable Total current liabi Bonds payable Total liabilities Common...
Weaver Company Comparative Balance Sheet at December31 Last This Year Year Assets Cash Accounts receivable Inventory...
Weaver Company Comparative Balance Sheet at December31 Last This Year Year Assets Cash Accounts receivable Inventory Prepaid expense:s Total current assets Property, plant, and equipment $9 15 240 175 6 436 470 85 385 19 $1,017 840 340 125 10 484 610 93 517 16 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 financial statements for Weaver Company follow Wcaver Comрапу Comparative Balance Sheet at December 31 This...
Comparative financial statements for Weaver Company follow Wcaver Comрапу Comparative Balance Sheet at December 31 This Year Last Year Assets $ 13 Cash 3 Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and cquipment Less accumulated depreciation Net property, plant, and equipnent Long-ters investments 318 228 160 196 6 481 443 510 430 (85 (72) 425 358 26 33 Tatal assets $932 $834 Liabilities and Stockholders Equity Accounts payable Accrued liabilities Income taxes payable 383 $226 72 77...
Required information Problem 13-7 Prepare a Statement of Cash Flows [L013-1, LO13-2] [The following information applies...
Required information Problem 13-7 Prepare a Statement of Cash Flows [L013-1, LO13-2] [The following information applies to the questions displayed below.] Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet at December 31 This Year Last Year Assets Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment $ 27 296 158 9 490 500 85 415 28 $ 12 230 196 Less accumulated depreciation Net property, plant, and equipment Long-term...
Problem 14-7 Prepare a Statement of Cash Flows [LO14-1, LO14-2] [The following information applies to the...
Problem 14-7 Prepare a Statement of Cash Flows [LO14-1, LO14-2] [The following information applies to the questions displayed below.] Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet at December 31 This Year Last Year Assets 2$ $ 12 Cash Accounts receivable 308 229 Inventory Prepaid expenses 156 195 Total current assets 477 442 Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Long-term investments 512 433 (85) (71) 427 362 26 32 $...
Required information Problem 13-7 Prepare a Statement of Cash Flows [LO13-1, LO13-2] [The following information applies...
Required information Problem 13-7 Prepare a Statement of Cash Flows [LO13-1, LO13-2] [The following information applies to the questions displayed below.] Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet at December 31 This Year Last Year Assets Cash and cash equivalents $ 18 $ 12 Accounts receivable 297 229 Inventory 158 196 Prepaid expenses 8 6 Total current assets 481 443 Property, plant, and equipment 507 429 Less accumulated depreciation (85 ) (70 ) Net property,...
m 1 of 2 Required information Problem 14-7 Prepare a statement of Cash Flows [LO14-1, L014-2]...
m 1 of 2 Required information Problem 14-7 Prepare a statement of Cash Flows [LO14-1, L014-2] {The following information applies to the questions displayed below] Comparative financial statements for Weaver Company follow Weaver Company Comparative Balance Sheet at December 31 This OOK Last $ 11 308 $ 12 228 156 o erence 484 506 Assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment Les accumulated depreciation Net property, plant, and equipment Long-term investments Total assets...
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 Assets Cash $ 16 $ 22 Accounts receivable 490 320 Inventory 165 210 Prepaid expenses 10 8 Total current assets 681 560 Property, plant, and equipment 630 520 Less accumulated depreciation 120 70 Net property, plant, and equipment 510 450 Long-term investments 13 42 Total assets $ 1,204 $ 1,052 Liabilities and Stockholders' Equity Accounts payable $ 340 $ 260 Accrued...
Weaver Company Comparative Balance Sheet at December 31 This Year Last Year $ 9 291 158 9 467 514 $ 12 230 195 6 443 434 (72) 362 30 $835 (80) 434 23 $ 924 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 current liabilities Bonds payable Total liabilities Common...
Weaver Company Comparative Balance Sheet at December 31 This Year Last Year $ 12 294 160 8 474 511 (81) 430 26 $ 13 230 195 5 443 431 (71) 360 32 $835 $ 930 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 current liabilities Bonds payable Total liabilities Common...
Weaver Company Comparative Balance Sheet at December 31 in Last Year D 5 * A N $ 12 297 228 156 195 474441 508 429 (85) (71) 423358 27 33 $ 924 $832 Assets Cash and cash equival Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipmen Long-term investments Total assets Liabilities and Stoc Accounts payable Accrued liabilities Income taxes payable Total current liabi Bonds payable Total liabilities Common...
Weaver Company Comparative Balance Sheet at December31 Last This Year Year Assets Cash Accounts receivable Inventory Prepaid expense:s Total current assets Property, plant, and equipment $9 15 240 175 6 436 470 85 385 19 $1,017 840 340 125 10 484 610 93 517 16 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 financial statements for Weaver Company follow Wcaver Comрапу Comparative Balance Sheet at December 31 This Year Last Year Assets $ 13 Cash 3 Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and cquipment Less accumulated depreciation Net property, plant, and equipnent Long-ters investments 318 228 160 196 6 481 443 510 430 (85 (72) 425 358 26 33 Tatal assets $932 $834 Liabilities and Stockholders Equity Accounts payable Accrued liabilities Income taxes payable 383 $226 72 77...
Required information Problem 13-7 Prepare a Statement of Cash Flows [L013-1, LO13-2] [The following information applies to the questions displayed below.] Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet at December 31 This Year Last Year Assets Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment $ 27 296 158 9 490 500 85 415 28 $ 12 230 196 Less accumulated depreciation Net property, plant, and equipment Long-term...
Problem 14-7 Prepare a Statement of Cash Flows [LO14-1, LO14-2] [The following information applies to the questions displayed below.] Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet at December 31 This Year Last Year Assets 2$ $ 12 Cash Accounts receivable 308 229 Inventory Prepaid expenses 156 195 Total current assets 477 442 Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Long-term investments 512 433 (85) (71) 427 362 26 32 $...
m 1 of 2 Required information Problem 14-7 Prepare a statement of Cash Flows [LO14-1, L014-2] {The following information applies to the questions displayed below] Comparative financial statements for Weaver Company follow Weaver Company Comparative Balance Sheet at December 31 This OOK Last $ 11 308 $ 12 228 156 o erence 484 506 Assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment Les accumulated depreciation Net property, plant, and equipment Long-term investments Total assets...
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