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ACCT405.98A.SU.21 ACCOUNTING FOR EXECUTIVES Assignments Chapter 3 homework [myBusin BuhessCourse A Return to course Statement of Cash Flow. The following is a comparative balance sheet for Shanahan Corp. for 2019. SHANAHAN CORP. Comparative Balance Sheet As of December 31 2019 2018 Assets Cash $32,400 $34,800 Accounts receivable 74,400 66,000 Inventory 36,000 26,400 Prepaid rent 1,200 3,600 Machinery Accumulated depreciation-machinery (144,000) (114,000) 720,000 672,000 Total assets $720,000 $688,800 Liabilities and Stockholders' Equity Accounts payable $54,000 $42,000 Long-term debt Common stock, $2 par 34,800 73,200 240,000 180,000 312,000 312,000 Additional paid in capital Retainod

ACCT405.98A.SU.21 ACCOUNTING FOR EXECUTIVES Assignments Chapter 3 homework [myBusin BuhessCourse A Return to course Statement of Cash Flow. The following is a comparative balance sheet for Shanahan Corp. for 2019. SHANAHAN CORP. Comparative Balance Sheet As of December 31 2019 2018 Assets Cash $32,400 $34,800 Accounts receivable 74,400 66,000 Inventory 36,000 26,400 Prepaid rent 1,200 3,600 Machinery Accumulated depreciation-machinery (144,000) (114,000) 720,000 672,000 Total assets $720,000 $688,800 Liabilities and Stockholders' Equity Accounts payable $54,000 $42,000 Long-term debt Common stock, $2 par 34,800 73,200 240,000 180,000 312,000 312,000 Additional paid in capital Retainod

Accounting
Accounting
27th Edition
ISBN:9781337272094
Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Chapter16: Statement Of Cash Flows
Section: Chapter Questions
Problem 16.3APR: Statement of cash flowsindirect method The comparative balance sheet of Whitman Co. at December 31,...
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Assignments Chapter 3 homework [myBusin ACCT405.98A.SU.21 ACCOUNTING FOR EXECUTIVES BuhessCourse A Return to course Statement of Cash Flow. The following is a comparative balance sheet for Shanahan Corp. for 2019. SHANAHAN CORP. Comparative Balance Sheet As of December 31 2019 2018 Assets Cash $32,400 $34,800 Accounts receivable 74,400 66,000 Inventory 36,000 26,400 Prepaid rent 1,200 3,600 Machinery Accumulated depreciation-machinery (144,000) (114,000) 720,000 672,000 Total assets $720,000 $688,800 Liabilities and Stockholders' Equity Accounts payable $54,000 $42,000 Long-term debt 34,800 73,200 Common stock, $2 par 240,000 180,000 Additional paid in capital 312,000 312,000 Retained earnings 79,200 81,600 Total liabilities and stockholders' equity $720,000 $607,200 Notes: Cash dividends of $12,000 were paid during the year. Required Using the indirect method, prepare a statement of cash flows for 2019. Shanahan Corp. Statement of Cash Flows Year Ending December 31, 2019 esc F1 F2 F3 F4 F5 F6 @ 23 24 1 3 5
Transcribed Image Text:Assignments Chapter 3 homework [myBusin ACCT405.98A.SU.21 ACCOUNTING FOR EXECUTIVES BuhessCourse A Return to course Statement of Cash Flow. The following is a comparative balance sheet for Shanahan Corp. for 2019. SHANAHAN CORP. Comparative Balance Sheet As of December 31 2019 2018 Assets Cash $32,400 $34,800 Accounts receivable 74,400 66,000 Inventory 36,000 26,400 Prepaid rent 1,200 3,600 Machinery Accumulated depreciation-machinery (144,000) (114,000) 720,000 672,000 Total assets $720,000 $688,800 Liabilities and Stockholders' Equity Accounts payable $54,000 $42,000 Long-term debt 34,800 73,200 Common stock, $2 par 240,000 180,000 Additional paid in capital 312,000 312,000 Retained earnings 79,200 81,600 Total liabilities and stockholders' equity $720,000 $607,200 Notes: Cash dividends of $12,000 were paid during the year. Required Using the indirect method, prepare a statement of cash flows for 2019. Shanahan Corp. Statement of Cash Flows Year Ending December 31, 2019 esc F1 F2 F3 F4 F5 F6 @ 23 24 1 3 5
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