PA9. LO 16.4 Use the following excerpts from Yardley Company's financial information to prepare a statement of cash flows (indirect method) for the year 2018. 2018 Income Balance Statement Sheets $ 455,000 (221,500) (58,600) (24,000) 23,500 174,400 Sales Cost of Goods Sold Operating Expenses, other than depreciation expense Depreciation Expense Gain on Sale of Plant Assets Net Income Dec. 31, 2018 $321,450 39,750 33,000 17,550 3,500 Cash Accounts Receivable Inventory Accounts Payable Accrued Liabilities Dec. 31, 2017 $133,500 36,500 35,000 19,550 2,200 Cash Accounts Receivable Inventory Accounts Payable Accrued Liabilities Additional information: Plant assets were sold for $40,000; book value $16,500 Dividends of $25,000 were declared and paid

PA9. LO 16.4 Use the following excerpts from Yardley Company's financial information to prepare a statement of cash flows (indirect method) for the year 2018. 2018 Income Balance Statement Sheets $ 455,000 (221,500) (58,600) (24,000) 23,500 174,400 Sales Cost of Goods Sold Operating Expenses, other than depreciation expense Depreciation Expense Gain on Sale of Plant Assets Net Income Dec. 31, 2018 $321,450 39,750 33,000 17,550 3,500 Cash Accounts Receivable Inventory Accounts Payable Accrued Liabilities Dec. 31, 2017 $133,500 36,500 35,000 19,550 2,200 Cash Accounts Receivable Inventory Accounts Payable Accrued Liabilities Additional information: Plant assets were sold for $40,000; book value $16,500 Dividends of $25,000 were declared and paid

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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