Edit View History Bookmarks Develop Window Help 93 ter 14 Homework Comparative f

Question

Edit View History Bookmarks Develop Window Help 93 ter 14 Homework Comparative financial statements for Weaver Company follow Coeparative Balance Sheet at Decenber 31 of 2 Year Last Year 13 S11 Aocounts receivable Inventory Prepaid expenses otal current asseta Property, Plant,and equipeent Less aceumalated depreciation Net property, plant, and equipment Loag-term investnents Total assets 2430 936 Naesints sa st echeiders eqity 302 Accrued iiabi1ities Total eurrent liabilities Total liabilities Common s Retained earning Total stockholders' eqaity Total liabilities and stockholders' eqaity 936 Iscone Statenent This Year Ended Cost of goods sold nargin Prev 4 of5 Next 2 8 MacBook Pro 30 DiI bo 2

Explanation / Answer

Statement of cash flow Cash flow from operating activities Net income for the year 70 Adjustments to reconcile net income Depreciation expense 24 loss on sale of Equipment 2 Gain on sale of investments -6 increase in accounts receivable -79 Decrease In inventory 37 increase in prepaid expense -2 increase in accounts payable 78 Decrease in accrued liabilities -5 increase in income taxes payable 9 Net cash flow from opeerating activities 128 Statement of cash flow operating activities Cash flow from operating activities 128 Net cash flow from investing activities Cash from sale of Equipment 19 Cash from sale of investment 12 Cash used to purchase PP&E -111 Net cash used by investing activities -80 -80 Net cash flow from financing activitiy Cash from issue of bonds 28 cash used for Treasury stock -37 Cash dividend -37 Net cash used by financing activity -46 -46 Net increase in cash 2 Cash at beginning 11 cash at year end 13

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