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assignment w.comintakeAssignment/takeAssignment Main doinvokerassignments&takeAssignmentsessionLoca; to Book Show le How Print tem Statement of Cash Flows-Indirect Method The comparative balance sheet of Olson-Jones Industries Inc. for December 31, 20Y2 and 20Y1, Is as follows: Dec. 31, 20Y2 Dec. 31, 0Y1 $167 95 60 136 76 (21) $513 $52 Cash Accounts recelvable (net) Inventories Land Equipment Accumulated depreciation-equipment 36 149 57 Total Assets Llablilties and Stockholders' Equity Accounts payable (merchandise creditors) Dividends payable Common stock, $1 par Paid-in capital: Excess of issue price over par- common stock Retained earnings Total liabilities and stockholders' equity $349 $65 10 34 $52 16 41 316 240 $513 $349 SAMSUNG

Explanation / Answer

Cash Flow Statement: Cash flows from Operating activities Net income For the year 110 Adjustment required for the reconciliation Depreciation 10 Gain on sale of land (33-13) -20 Increase in Accounts receivable -29 Increase in Inventories -24 Increase in Accounts payable 13 Net Cash provided from Operating activities 60 Cash flows from Investing activities Sale of land 33 Purchase of equipmennt -19 Net cash provided from Investing activities 14 Cash flows from Financing activities Dividend paid -24 Issue of Common Stock (34+88-16-41) 65 Net cash provided from Financing activities 41 Net increase in cash 115 Beginning balance in cash 52 Ending balance in cash 167

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