Schleich Corporation\'s most recent balance sheet appears below: $718 $527 $718

Question

Schleich Corporation's most recent balance sheet appears below:

$718

$527

$718

$527

Comparative Balance Sheet Ending
Balance Beginning
Balance Assets: Cash and cash equivalents $126 $81 Accounts receivable 63 44 Inventory 61 79 Property, plant and equipment 754 583 Less accumulated depreciation 286

260

Total assets

$718

$527

Liabilities and stockholder's equity: Accounts payable $70 $89 Accrued liabilities 42 28 Income taxes payable 62 48 Bonds payable 168 223 Common stock 109 93 Retained earnings 267

46

Total liabilities and stockholder's equity

$718

$527

Explanation / Answer

Calculation of Cash Flow from Operating Activities Net Profit after tax= 287 Add:- Increase in Accumulated Dep.=(286-260)=26 Decrease in Stock=(79-61)=18 Increase in Accured Liabilties=(42-28)=14 Increase in Income tax Payable=(62-48)=14 Less:- Increase in Receivables=(63-44)=19 Decrease in A/c Payable=(89-70)=19 Cash flow from Operating Activities=321 Cash Dividend should be a part of Financing Activities.

Related Questions

Navigate

• Browse (All)
• Browse S
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.