Instructions: Prepare a statement of cash flows for 2010.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Test2 Intermediate Accounting - Word (Product Activation Failed)
NSERT
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Times New Ro -
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AaBbCcl AaBt AaBbC AaBbCel AaBbCcl AaBbCc) AaBbCc
IU-abe x, x
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December 31
Styles
Assets
2010
2009
Cash
Accounts receivable
$73,000
85,000
170,000
75,000
260,000
(66,000)
$ 22,000
76,000
189,000
100,000
200,000
(32,000)
Inventories
Land
Equipment
Accumulated depreciation
Total
$597,000
$555,000
Liabilities and Stockholders' Equity
$ 39,000
Accounts payable
Bonds payable
Common stock ($1 par)
Retained earnings
$ 47,000
150,000
216,000
192,000
$597,000
200,000
174,000
134,000
$555,000
Total
Additional information:
1. Net income for 2010 was $103,000.
2. Cash dividends of $45,000 were declared and paid
3. Bonds payable amounting to $50,000 were redeemed for cash $50,000.
4. Common stock was issued for $42,000 cash.
5. No equipment was sold during 2010, but land was sold at cost.
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910 Se
Instructions: Prepare a statement of cash flows for 2010.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6891b20e-0f7d-40c9-8ffc-cf87f8dcfce5%2Fda49b42c-b742-49f3-87cd-0a43853e8889%2Fn01ks42_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Test2 Intermediate Accounting - Word (Product Activation Failed)
NSERT
DESIGN
PAGE LAYOUT
REFERENCES
MAILINGS
REVIEW
VIEW
Times New Ro -
-A A
Aa -
AaBbCcl AaBt AaBbC AaBbCel AaBbCcl AaBbCc) AaBbCc
IU-abe x, x
A - *- A- ====-
Emphasis THeading 1 THeading 3 THeading 6 1 Normal
Strong
Subtitle
Font
Paragraph
December 31
Styles
Assets
2010
2009
Cash
Accounts receivable
$73,000
85,000
170,000
75,000
260,000
(66,000)
$ 22,000
76,000
189,000
100,000
200,000
(32,000)
Inventories
Land
Equipment
Accumulated depreciation
Total
$597,000
$555,000
Liabilities and Stockholders' Equity
$ 39,000
Accounts payable
Bonds payable
Common stock ($1 par)
Retained earnings
$ 47,000
150,000
216,000
192,000
$597,000
200,000
174,000
134,000
$555,000
Total
Additional information:
1. Net income for 2010 was $103,000.
2. Cash dividends of $45,000 were declared and paid
3. Bonds payable amounting to $50,000 were redeemed for cash $50,000.
4. Common stock was issued for $42,000 cash.
5. No equipment was sold during 2010, but land was sold at cost.
Activate
910 Se
Instructions: Prepare a statement of cash flows for 2010.
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