Chapter 16: Cash Flow Statement Homework Assignmenthe comparative partial balance sheets of Barry Company, for Years 1 and 2 ended December 31, appearbelow in condensed form.Year 2$72,000Year 1Assets$42,500Cash61,00070,200Accounts Receivable (net)InventoriesInvestmentsEquipment121,000105,000100,000-575,000425,000Liabilities and Equity$ 59,750$ 47,250Accounts PayableBond PayableCommon Stock, $30 par75,000400,000325,000Additional data for the current year are as follows:Net income, $75,800.(a)Depreciation reported on income statement, $38,000.(b)Equipment was purchased for $150,000.(p)2,500 shares of common stock were issued for $30 cash.Bond Payable for $75,000 were paid off by cash payment at their face amount.Cash dividends declared and paid, $40,000.()Investments of $100,000 were sold for $125,000 (That means gain of $25,000)(8)P.S: The above comparative balance sheets were adjusted for the purpose of this assignment and they arenot complete-thorough balance sheets.Required: Prepare a statement of cash flows using the indirect method using the table below. Please yanswer in the numbered spaces (write in the appropriate name/description of each item and thecorresponding dollar value for each item).The first two are given as exampels:

Barry Company Cash Flow Statement (Indirect Method) For the year ended December 31, Year 2…

The comparative partial balance sheets of Barry Company, for Years 1 below in condensed form. Year 2 Year 1 Assets $42,500 70,200 $72,000 Cash Accounts Receivable (net) Inventories Investments 61,000 121,000 105,000 100,000 575,000 425,000 mont

The comparative partial balance sheets of Barry Company, for Years 1 below in condensed form. Year 2 Year 1 Assets $42,500 70,200 $72,000 Cash Accounts Receivable (net) Inventories Investments 61,000 121,000 105,000 100,000 575,000 425,000 mont

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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