Operating activities:Net earningsNon-cash itemsAdd: DepreciationLAURENT COMPANYStatement of Cash FlowsFor the year 31 December 20X8Changes to working ital:Add: Decrease in accounts receivableLess: Increase in accounts payableLess: Increase in inventoryInvesting activities:Decrease in long-term bank loanPurchase of long-term investmentFinancing activities:Sold long-term investmentPaid cash dividendNet change in cashOpening cashClosing cash< PrevCHX$ 159,700XX 23,700X (30,400)14,300174,0003 of 33,100(20,200)(15,000)8,800 X(23,700) X14,800H-H$ 141,900(6,700)(100)105,300$ 105,300Next >Chemisieہے The accounting records of Laurent Company reflect the following data:Statement of Comprehensive IncomeFor year ended 31 December 20X8SalesCost of goods soldDepreciation expenseOperating expensesNet earnings and comprehensive incomeStatement of Financial Position20X8At 31 DecemberDebitsCashAccounts receivable.InventoryInvestment, long-termCapital assetsTotal debitsCreditsBank overdraftAccumulated depreciation.Accounts payableShort-term bank loanNotes payable, long-termCommon sharesRetained earningsTotal credits$105,300 $$ 942,400(565,200)(14,300)(203,200)159,70020X753,700 56,80074,600 59,6008,800277,500 176,000$511,100 $301,20043,90037,80012,600106, 200$ 14,80029,60017,6008,80058,800236,100154,70074,50016,900$511,100 $301,200Additional information:a. Paid a $23,700 long-term note payable by issuing common shares.b. Purchased capital assets that cost $101,500; gave a $71,100 long-term note payable and paid $30,400 cash.c. Sold the long-term investment at cost, for cash.d. Assume that unexplained changes in asset, liability, and equity accounts flow from logical sources.

Name: Operating activities:Net earningsNon-cash itemsAdd: DepreciationLAURE
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Description: Operating activities:Net earningsNon-cash itemsAdd: DepreciationLAURENT COMPANYStatement of Cash FlowsFor the year 31 December 20X8Changes to working ital:Add: Decrease in accounts receivableLess: Increase in accounts payableLess: Increase in invent

A cash flow statement is a financial statement that provides aggregate data regarding all cash…

Answered: Operating activities: Net earnings…

Business

Accounting

Operating activities: Net earnings Non-cash items Add: Depreciation LAURENT COMPANY Statement of Cash Flows For the year 31 December 20X8 $ 159,700 14,300 174,000

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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