eyPLUS Kieso, Intermediate Accounting, 17e Help | System Announcements CALCULATOR PRINTER VERSION Exercise 5-16 (Part Level Submission) A comparative balance sheet for Vaughn Corporation is presented as follows. T RESOURCES OPIC 03 NT December 31 2020 $72,880 84,590 182,590 73,590 262,590 (71,590) $604,650 1-13 Assets Cash Accounts receivable Inventory Land Equipment Accumulated Depreciation-Equipment 2019 $ 22,000 68,710 191,710 112,710 202,710 (44,710) $553,130 4-16 1-04 (Part mission) -07 5-12 S-16 (Part mission) Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total 5-3 $ 36,590 150,000 214,000 204,060 $604,650 $ 49,710 200,000 164,000 139,420 $553,130 re ults by Study Additional information: 1. Net income for 2020 was $130,180. No gains or losses were recorded in 2020. 2. Cash dividends of $65,540 were declared and paid. 3. Bonds payable amounting to $50,000 were retired through issuance of common stock. parenti (a) Prepare a statement of cash flows for 2020 for Vaughn Corporation. (Show amounts that decrease cash flow with either a- sign e.g. -15 SOURCES CALCULATOR PRINTER VERSION KBACK NEXT (a) 03 Prepare a statement of cash flows for 2020 for Vaughn Corporation. (Show amounts that decrease cash flow with either a- sign e.g. -15,000 or in parenthesis e.g. (15,000).) Part on). VAUGHN CORPORATION Statement of Cash Flows Part on) Adjustments to reconcile net income to by Study Activate Windo Go to Settinds a 1 PM 3/16/2020 to search 69
eyPLUS Kieso, Intermediate Accounting, 17e Help | System Announcements CALCULATOR PRINTER VERSION Exercise 5-16 (Part Level Submission) A comparative balance sheet for Vaughn Corporation is presented as follows. T RESOURCES OPIC 03 NT December 31 2020 $72,880 84,590 182,590 73,590 262,590 (71,590) $604,650 1-13 Assets Cash Accounts receivable Inventory Land Equipment Accumulated Depreciation-Equipment 2019 $ 22,000 68,710 191,710 112,710 202,710 (44,710) $553,130 4-16 1-04 (Part mission) -07 5-12 S-16 (Part mission) Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total 5-3 $ 36,590 150,000 214,000 204,060 $604,650 $ 49,710 200,000 164,000 139,420 $553,130 re ults by Study Additional information: 1. Net income for 2020 was $130,180. No gains or losses were recorded in 2020. 2. Cash dividends of $65,540 were declared and paid. 3. Bonds payable amounting to $50,000 were retired through issuance of common stock. parenti (a) Prepare a statement of cash flows for 2020 for Vaughn Corporation. (Show amounts that decrease cash flow with either a- sign e.g. -15 SOURCES CALCULATOR PRINTER VERSION KBACK NEXT (a) 03 Prepare a statement of cash flows for 2020 for Vaughn Corporation. (Show amounts that decrease cash flow with either a- sign e.g. -15,000 or in parenthesis e.g. (15,000).) Part on). VAUGHN CORPORATION Statement of Cash Flows Part on) Adjustments to reconcile net income to by Study Activate Windo Go to Settinds a 1 PM 3/16/2020 to search 69
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:eyPLUS
Kieso, Intermediate Accounting, 17e
Help | System Announcements
CALCULATOR
PRINTER VERSION
Exercise 5-16 (Part Level Submission)
A comparative balance sheet for Vaughn Corporation is presented as follows.
T RESOURCES
OPIC 03
NT
December 31
2020
$72,880
84,590
182,590
73,590
262,590
(71,590)
$604,650
1-13
Assets
Cash
Accounts receivable
Inventory
Land
Equipment
Accumulated Depreciation-Equipment
2019
$ 22,000
68,710
191,710
112,710
202,710
(44,710)
$553,130
4-16
1-04 (Part
mission)
-07
5-12
S-16 (Part
mission)
Total
Liabilities and Stockholders' Equity
Accounts payable
Bonds payable
Common stock ($1 par)
Retained earnings
Total
5-3
$ 36,590
150,000
214,000
204,060
$604,650
$ 49,710
200,000
164,000
139,420
$553,130
re
ults by Study
Additional information:
1. Net income for 2020 was $130,180. No gains or losses were recorded in 2020.
2. Cash dividends of $65,540 were declared and paid.
3. Bonds payable amounting to $50,000 were retired through issuance of common stock.
parenti
(a)
Prepare a statement of cash flows for 2020 for Vaughn Corporation. (Show amounts that decrease cash flow with either a- sign e.g. -15
Transcribed Image Text:SOURCES
CALCULATOR
PRINTER VERSION
KBACK
NEXT
(a)
03
Prepare a statement of cash flows for 2020 for Vaughn Corporation. (Show amounts that decrease cash flow with either a- sign e.g. -15,000 or in parenthesis e.g.
(15,000).)
Part
on).
VAUGHN CORPORATION
Statement of Cash Flows
Part
on)
Adjustments to reconcile net income to
by Study
Activate Windo
Go to Settinds a
1 PM
3/16/2020
to search
69
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