Please help me The balance sheets of Butler, Inc. and its 70 percent-owned subsidiary, Cassie Corp., arepresented below:201652,000108,000178,000340,00090,00032.000 40o Amert 36,000804,000201766,000150,000220,000Building and Equipment (net)| 315,00050,000CashA/RInventoryLandСорyright833,000Accounts PayableLong term DebtNon-controlling InterestCommon StockRetained EarningsTotal Liabilities and Equity102,00070,00050,000200,000382,000804,000120,00077,000200,000436.000833,000Additional information for 2017• Butler and Cassie's consolidated net income was 110,000• Butler paid 26,000 in dividends and Cassie paid 10,000 in dividends• A building was purchased for $30,000 during the year• Land was sold for $50,000 with a cost of $40,000. gain l0,000Prepare a statement of cash flows using the indirect method.

Building A/c Particulars Amount Particulars Amount Opening balance 340000 Depreciation 55000…

The balance sheets of Butler, Inc. and its 70 percent-owned subsidiary, Cassie Corp., are presented below: 2017 66,000 150,000 220,000 2016 | 52,000 108,000 178,000 340,000 90,000 Cash A/R Inventory Building and Equipment (net) | 315,000 Land 50,000 | 32,000 40o Amet 36,000 833,000 Соруright 804,000 Accounts Payable |Long term Debt Non-controlling Interest Common Stock Retained Earnings Total Liabilities and Equity 120,000 77,000 200,000 436,000 833,000 102,000 70,000 50,000 200,000 382,000 804,000 Additional information for 2017 • Butler and Cassie's consolidated net income was 110,000 • Butler paid 26,000 in dividends and Cassie paid 10,000 in dividends • A building was purchased for $30,000 during the year • Land was sold for $50,000 with a cost of $40,000. 9ain 10,00 Prepare a statement of cash flows using the indirect method.

The balance sheets of Butler, Inc. and its 70 percent-owned subsidiary, Cassie Corp., are presented below: 2017 66,000 150,000 220,000 2016 | 52,000 108,000 178,000 340,000 90,000 Cash A/R Inventory Building and Equipment (net) | 315,000 Land 50,000 | 32,000 40o Amet 36,000 833,000 Соруright 804,000 Accounts Payable |Long term Debt Non-controlling Interest Common Stock Retained Earnings Total Liabilities and Equity 120,000 77,000 200,000 436,000 833,000 102,000 70,000 50,000 200,000 382,000 804,000 Additional information for 2017 • Butler and Cassie's consolidated net income was 110,000 • Butler paid 26,000 in dividends and Cassie paid 10,000 in dividends • A building was purchased for $30,000 during the year • Land was sold for $50,000 with a cost of $40,000. 9ain 10,00 Prepare a statement of cash flows using the indirect method.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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