Weaver Company | |||
Cash Flow Statement (Indirect Method) | |||
Cash flows from operating activities | |||
Net Income | $ 70 | ||
Adjustments for: | |||
Depreciation and Amortaization | $ 25 | ||
Gain on sale of investment | $ (7) | ||
Loss on Sale of Equipment | $ 2 | ||
Increase in Accounts Receiveble | $ (66) | ||
Decrease in Inventory | $ 38 | ||
Increase in Prepaid Expenses | $ (3) | ||
Increase in Accounts Payable | $ 80 | ||
Decrease in Accrued Liabilities | $ (8) | ||
Increase in Income tax payable | $ 9 | ||
$ 70 | |||
Net cash provided by operating activities | $ 140 | ||
Cash flows from investing activities | |||
Cash received from sale of Equipment | $ 19 | ||
Cash received from sale of investment | $ 13 | ||
Cash paid for purchase of property, plant and equipment | $ (110) | 421-500-31 | |
Net cash used by investing activities | $ (78) | ||
Cash flows from financing activities | |||
Cash dividends paid | $ (38) | 124-92-70 | |
Cash used to repurchase shares | $ (38) | ||
Cash received from issuing bond | $ 29 | ||
Net cash used by financing activities | $ (47) | ||
Net Decrease in cash and cash equivalents | $ 15 | ||
Cash and cash equivalents at beginning of period | $ 12 | ||
Cash and cash equivalents at end of period | $ 27 |
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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...
155 Problem 13-7 Prepare a statement of Cash Flows (L013-1, L013-2) 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 Last Year Year Assets Cash and cash equivalents $ 18 $ 11 Accounts receivable 299 230 Inventory 195 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...
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 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 $302 Accrued liabilities Income taxes payable Total...
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 $ 9 $ 15 Accounts receivable 340 240 Inventory 125 175 Prepaid expenses 10 6 Total current assets 484 436 Property, plant, and equipment 610 470 Less accumulated depreciation 93 85 Net property, plant, and equipment 517...
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,...
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,...
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,...
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 $ 2 308 157 $ 13 230 195 475 S04 443 426 (70) 356 419 28 35 $ 922 $834 Assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment...
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 $ 12 229 $ 4 308 156 9 477 512 (85) 427 195 6 442 433 (71) 362 32 $836 26 $ 930 Assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment Less accumulated depreciation Net property,...
Problem 14-7 Prepare a Statement of Cash Flows [L014-1, 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 Cash Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment $ 12 230 195 305 159 470 509 85 424 27 $ 921 442 429 70 359 Less accumulated depreciation Net property, plant, and equipment Long-term investments Total...