Question

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 stock Retained earnings Total stockholders' equity Total liabilities and stockho k $ 302 $224 79 74 63 195 446 366 172 641 538 161200 12294 283 294 $ 924 $832 s equity < Prev. 3 4 4 of 4 Next >

Answer 1

1)		Weaver Company
	Cash flow from operating activities
	Net income for the year						65
	Adjustments to convert net income to cash basis:
	Depreciation expense			(85 - (71-10)		24
	Gain on sale of investments					-7
	Loss on sale of Equipments					2
	increase in accounts receivable					-69
	Decrease in inventory					39
	increase in prepaid expense					-3
	increase in accounts payable					78
	Decrease in accured liabilities					-9
	increase in income taxes payable					11
							66
	Net cash flow from operating activities						131