2014 2013 Cash 442,500 195,000 Accounts Receivable 450,000 462,500 Investments 130,000 185,000 Equipment 745,000 600,000 Less: Accumulated Depreciation (265,000) (222,500) Current Liabilities 335,000 337,500 Capital Stock 400,000 400,000 Retained Earnings 767,500 442,500 Additional Informaiton Investments were sold at a loss (not extraordinary) of $25,000 Cash Dividends were paid $75,000 Net Income was $400,000 Instructions: Prepare a statement of Cash Flows for 2012 for Garcia Corporation
2014 2013 Cash 442,500 195,000 Accounts Receivable 450,000 462,500 Investments 130,000 185,000 Equipment 745,000 600,000 Less: Accumulated Depreciation (265,000) (222,500) Current Liabilities 335,000 337,500 Capital Stock 400,000 400,000 Retained Earnings 767,500 442,500 Additional Informaiton Investments were sold at a loss (not extraordinary) of $25,000 Cash Dividends were paid $75,000 Net Income was $400,000 Instructions: Prepare a statement of Cash Flows for 2012 for Garcia Corporation
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
| 2014 | 2013 | |||||
| Cash | 442,500 | 195,000 | ||||
| Accounts Receivable | 450,000 | 462,500 | ||||
| Investments | 130,000 | 185,000 | ||||
| Equipment | 745,000 | 600,000 | ||||
| Less: |
(265,000) | (222,500) | ||||
| Current Liabilities | 335,000 | 337,500 | ||||
| Capital Stock | 400,000 | 400,000 | ||||
| 767,500 | 442,500 | |||||
| Additional Informaiton | ||||||
| Investments were sold at a loss (not extraordinary) of $25,000 | ||||||
| Cash Dividends were paid $75,000 | ||||||
| Net Income was $400,000 | ||||||
| Instructions: | ||||||
| Prepare a statement of |
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