Kim Company had the following financial information. 2021 2020 Non-current Assets Property, plant & equipment Accumulated depreciation Long-term investments 206,500 (34,000) 135,000 (23,000) 33,000 Current Assets Inventory Accounts receivable (net) 39,000 20,300 35,000 30,900 39,600 278.000 10,200 214,500 Cash Equity Share capital-ordinary Retained earnings 125,000 85,000 36,000 60,000 Non-current Liabilities Long-term notes payable 55,000 50,000 Current Liabilities Accounts payable 21,000 17,000 Accrued liabilities 17,000 278.000 26,500 214,500 Additional data: Net income 49,000 Depreciation on plant assets for the year Sold the long-term investments for 11,000 28,000 Paid dividends of 25,000 Use cash to purchase machinery costing Purchased machinery by a long-term note payable of Issued ordinary shares to pay for a long-term note paya 26,500 45,000 of 40,000 Requirede Prepare a statement of cash flows (using the indirect method) for Kim Company in 2021.

Kim Company had the following financial information. 2021 2020 Non-current Assets Property, plant & equipment Accumulated depreciation Long-term investments 206,500 (34,000) 135,000 (23,000) 33,000 Current Assets Inventory Accounts receivable (net) 39,000 20,300 35,000 30,900 39,600 278.000 10,200 214,500 Cash Equity Share capital-ordinary Retained earnings 125,000 85,000 36,000 60,000 Non-current Liabilities Long-term notes payable 55,000 50,000 Current Liabilities Accounts payable 21,000 17,000 Accrued liabilities 17,000 278.000 26,500 214,500 Additional data: Net income 49,000 Depreciation on plant assets for the year Sold the long-term investments for 11,000 28,000 Paid dividends of 25,000 Use cash to purchase machinery costing Purchased machinery by a long-term note payable of Issued ordinary shares to pay for a long-term note paya 26,500 45,000 of 40,000 Requirede Prepare a statement of cash flows (using the indirect method) for Kim Company in 2021.

Name: Question 4-statement of cash floweKim Company had the following finan
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Description: Question 4-statement of cash floweKim Company had the following financial information.20212020Non-current AssetsProperty, plant & equipmentAccumulated depreciation206,500135,000(34,000)(23,000)Long-term investments33,000Current AssetsInventoryAccoun

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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