12:14 PM ezto.mheducation.com ..ooo AT&T; 95% . [The following information appli

Question

12:14 PM ezto.mheducation.com ..ooo AT&T; 95% . [The following information applies to the questic Comparative financial statements for Weaver Company Weaver Company Comparative Balance Sheet December 31, 2015 and 2014 2015 2014 Assets $ 13 $12 Accounts receivable Inventory Prepaid expenses 309 156 Total current assets 511 (85) 70) 426 Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Long-term investments Total assets 32 $938 $ 835 Liabilities and Stockholders' Equity Accounts payable Accrued liabilities Income taxes payable $302 $226 79 71 73 368 Total current liabilities Bonds payable Total liabilities 645 539 Common stock Retained earnings 165 128 95 Total stockholders' equity Total liabilities and stockholders' equity $938 835

Explanation / Answer

Ans 1 Cash Flow Statement 2015 Cash Flow from Opearting Activities Amt $ Net Income 69 Adjustment to Convert Net Income to cash Depreciation (85-(70-10)) 25 Gain on sale of Equipment -7 Loss on sale of equipment 2 Income tax 23 Increase in accounts Receivable -80 Decraese in Inventory 38 Increase in Prepaid expenses -3 Increase In Accounts payable 76 Decraese in Accured expenses -8 Income Tax paid (63+23-73) -13 Net Cash Flow from Operating activities 122 Ans 2 Cash Flow Statement Cash Flow from Opearting Activities Amt $ Net Income 69 Adjustment to Convert Net Income to cash Depreciation (85-(70-10)) 25 Gain on sale of Equipment -7 Loss on sale of equipment 2 Income tax 23 Increase in accounts Receivable -80 Decraese in Inventory 38 Increase in Prepaid expenses -3 Increase In Accounts payable 76 Decraese in Accured expenses -8 Income Tax paid (63+23-73) -13 Net Cash Flow from Operating activities 122 Investing activities Sale of Equipment 18 sale of Long term investment 13 Purcahse of equipment (511-(433-30)) -108 Net Cash Flow from Investing activities -77 Finnacing activities Borrowings from Bonds 28 Repurchase of Stock -36 Payment of Cash dividend (128-(95+69)) -36 Net Cash Flow from Financing activities -44 Net Increase in cash Flow 1 beginning cash balance 12 Ending cash balance 13

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