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Homework Answers
Solution
| Weaver Company | ||
| Cash Flow Statement | ||
| A. Cash Flows from Operating Activity | ||
| Net cash flow from Operating activities | $ 138.00 | |
| B. Cash flows from Investing Activities | ||
| Sale of equipment | $ 18.00 | |
| Purchase of equipment | $ (110.00) | |
| Sale of Investment | $ 13.00 | |
| Net cash used in Investing activities | $ (79.00) | |
| C. Cash Flows from Financing activities | ||
| Proceeds from issue of Bonds | $ 29.00 | |
| Purchase of own stock | $ (42.00) | |
| Payment of Dividend | $ (42.00) | |
| Net cash used in Financing Activities | $ (55.00) | |
| Net Increase (Decrease) in Cash [A+B+C] | $ 4.00 | |
| Cash at the beginning of the period | $ 11.00 | |
| Cash at the end of the period | $ 15.00 | |
Working
| Weaver Company | ||
| Cash Flow Statement (partial) | ||
| A. Cash Flows from Operating Activity | ||
| Net Income | $ 69.00 | |
| Adjustments to reconcile net income to net cash flows from operating activities | ||
| Depreciation expense | $ 25.00 | |
| Loss on sale of Equipment | $ 3.00 | |
| Gain on sale of Investment | $ (6.00) | |
| Change in Current operating Asset sand Liabilities | ||
| Increase in Accounts receivables | $ (67.00) | |
| Decrease in inventory | $ 38.00 | |
| Increase in prepaid expense | $ (3.00) | |
| Increase in Accounts payable | $ 79.00 | |
| Decrease in Accrues Liabilities | $ (9.00) | |
| Increase in income tax payable | $ 9.00 | |
| $ 69.00 | ||
| Net cash flow from Operating activities | $ 138.00 | |
.
| Calculation of dividend paid | |
| Beginning balance of retained earnings | $ 96.00 |
| Add: Net income | $ 69.00 |
| $ 165.00 | |
| Less: Ending balance of Retained earnings | $ 123.00 |
| Dividends paid in cash | $ 42.00 |
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During this year, Weaver sold some equipment for $18 that had cost $31 and on which...
just answer (The following Information applies to the questions displayed below.) Comparative financial statements for Weaver...
just answer
(The following Information applies to the questions displayed below.) Comparative financial statements for Weaver Company follow: Last Year $ 11 230 155 195 nces 480 441 165 -(71) Weaver Company Comparative Balance Sheet at December 31 This Year Assets Cash and cash equivalents $ 18 Accounts receivable 299 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 $302 Accrued...
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 $ 7 $ 11 Accounts receivable 309 229 Inventory 158 196 Prepaid expenses 9 5 Total current assets 483 441 Property, plant, and equipment 509 430 Less accumulated depreciation (86 ) (71 ) Net property, plant, and equipment 423 359 Long-term investments 27 33 Total assets $ 933 $ 833 Liabilities and Stockholders' Equity Accounts payable $ 304 $...
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 $ 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...
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...
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 This Year Last Year Assets Cash $ 9...
Weaver Company Comparative Balance Sheet at December 31 This Year Last Year Assets Cash $ 9 $ 12 Accounts receivable 307 231 Inventory 156 195 Prepaid expenses 9 5 Total current assets 481 443 Property, plant, and equipment 508 429 Less accumulated depreciation (85 ) (70 ) Net property, plant, and equipment 423 359 Long-term investments 28 34 Total assets $ 932 $ 836 Liabilities and Stockholders' Equity Accounts payable $ 303 $ 226 Accrued liabilities 71 78 Income taxes...
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 $ $ 13 670 30 410 $1.498 $1,321 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 stock Retained earnings Total stockholders' equity Total liabilities...
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 $ $ 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 financlal statements for Weaver Company follow Weaver Company Comparative Balance Sheet at December 31 Last...
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...
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...
just answer
(The following Information applies to the questions displayed below.) Comparative financial statements for Weaver Company follow: Last Year $ 11 230 155 195 nces 480 441 165 -(71) Weaver Company Comparative Balance Sheet at December 31 This Year Assets Cash and cash equivalents $ 18 Accounts receivable 299 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 $302 Accrued...
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 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...
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...
Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet at December 31 This Year Last Year $ $ 13 670 30 410 $1.498 $1,321 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 stock Retained earnings Total stockholders' equity Total liabilities...
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 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 $ $ 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...
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