Statement of Cash Flows-Indirect Method The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 20Y7, is as follows: Additional data obtained from the income statement and from an examination of the accounts in the ledger for 20 Y 8 are as follows: a. Net income, $203,570. b. Depreciation reported on the income statement, $45,070. c. Equipment was purchased at a cost of $87,600, and fully depreciated equipment costing $24,290 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. 8,000 shares of common stock were issued at $16 for cash. f. Cash dividends declared and paid, $124,050. Required: Yellow Dog Enterprises Inc. Statement of Cash Flows For the Year Ended December 31, 20 Y8 Cash flows from operating activities: Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: Net cash flow from operating activities Cash flows from (used for) investing activities: Net cash flow used for investing activities Cash flows from (used for) financing activities: Net cash flow used for financing activities Cash at the beginning of the year Cash at the end of the year
Other questions asked by students
Q
If someone had extra long chordae tendineae on their mitral valve this would most likely affect...
Medical Sciences
Finance
Q
16 B F
Geometry
Q
On July 1, 2018, Hale Kennels sells equipment for $212000. The equipment originally cost $605000,...
Accounting
Accounting