PA9.) 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 Statement Balance 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 Cash Accounts Receivable Inventory Accounts Payable Accrued Liabilities 33,000 17,550 3.500 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.) 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 Statement Balance 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 Cash Accounts Receivable Inventory Accounts Payable Accrued Liabilities 33,000 17,550 3.500 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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Use the following information from Yardley Company’s financial statements to prepare a statement of cash flows (indirect method).
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