Only Ex PR 13-2A thank you! ting cash flows from onws, usingThe comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 20Y7,erating activities.Obj. 2,3, 4,5PR 13-2A Statement of cash flows-indirect methodV Net cash flow fromoperating activities,$350,000is as follows:Dec. 31, 20Y8Dec. 31, 20Y7Assets2$95,000$ 110,000280,000Cash260,000Accounts receivable (net)520,000450,000SHOW ME HOW EXCEL TEMPLATEInventories15,0005,000Prepaid expenses ...Equipment...Accumulated depreciation-equipment1,130,000800,000(235,000)(190,000)$1,455,000$1,785,000Total assets .Liabilities and Stockholders' Equity$ 100,000$ 75,000Accounts payable (merchandise creditors)Mortgage note payable...Common stock, $10 par....Paid-in capital in excess of par-common stockRetained earnings......Total liabilities and stockholders' equity.500,000500,000200,000100,000580,000400,000785,000$1,785,000$1,455,000 Chapter 13 Statement of Cash Flows671Additional data obtained from the income statement and from an examination of the accountsin the ledger for 20Y8 are as follows:a. Net income, $250,000.b. Depreciation reported on the income statement, $135,000.C. Equipment was purchased at a cost of $420,000 and fully depreciated equipment costing $90,000 was discarded,with no salvage realized.d. The mortgage note payable was not due for six years, but the terms permitted earlier payment without penalty.e. 30,000 shares of common stock were issued at $20 for cash.f.Cash dividends declared and paid, $45,000.InstructionsPrepare a statement of cash flows, using the indirect method of presenting cash flows from op-erating activities..PR 13-3A Statement of cash flows-indirect methodThe comparative balance sheet of Whitman Co. at December 31, 20Y2 and 20Y1, is as follows:Obj. 2, 3, 4, 5flowating3,600)Dec. 31, 20Y2Dec. 31, 20Y1Assets$ 918,000$ 964,800Cash761,940828,9001.268 4601162.989

The cash flow statement represents the cash inflow and cash outflow due to the operating, financing,…

Obj. 2, 3, 4 n The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 20 -PR 13-2A Statement of cash flows-indirect method is as follows: Dec. 31, 20Y8 Dec. 31, 20Y7 Assets 95,000 $ 110,000 280,000 Cash 260,000 .... . Accounts receivable (net).... 520,000 450,000 Inventories ... 15,000 5,000 Prepaid expenses 1,130,000 800 00e Equipment..... Accumulated denreciatio

Obj. 2, 3, 4 n The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 20 -PR 13-2A Statement of cash flows-indirect method is as follows: Dec. 31, 20Y8 Dec. 31, 20Y7 Assets 95,000 $ 110,000 280,000 Cash 260,000 .... . Accounts receivable (net).... 520,000 450,000 Inventories ... 15,000 5,000 Prepaid expenses 1,130,000 800 00e Equipment..... Accumulated denreciatio

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter15: Statement Of Cash Flows

Section: Chapter Questions

Problem 2PB

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