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The following is a condensed version of the comparative balance sheets for Shamrock Corporation for the last two years at December 31. Cash Accounts receivable Investments Equipment Accumulated depreciation-equipment Current liabilities Common stock Retained earnings 2025 $238,950 243,000 (a) 70.200 402,300 (143.100) 180,900 216,000 414.450 2024 $105,300 249,750 99,900 324,000 (120,150) 203,850 216,000 238,950 Additional information: Investments were sold at a loss of $13.500; no equipment was sold; cash dividends paid were $40.500; and net income was $216,000. Prepare a statement of cash flows for 2025 for Shamrock Corporation. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in porenthesis eg. (15,000))

The following is a condensed version of the comparative balance sheets for Shamrock Corporation for the last two years at December 31. Cash Accounts receivable Investments Equipment Accumulated depreciation-equipment Current liabilities Common stock Retained earnings 2025 $238,950 243,000 (a) 70.200 402,300 (143.100) 180,900 216,000 414.450 2024 $105,300 249,750 99,900 324,000 (120,150) 203,850 216,000 238,950 Additional information: Investments were sold at a loss of $13.500; no equipment was sold; cash dividends paid were $40.500; and net income was $216,000. Prepare a statement of cash flows for 2025 for Shamrock Corporation. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in porenthesis eg. (15,000))

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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The following is a condensed version of the comparative balance sheets for Shamrock Corporation for the last two years at December 31. Cash Accounts receivable Investments Equipment Accumulated depreciation-equipment Current liabilities Common stock Retained earnings (a) 2025 $238,950 243,000 70.200 402,300 (143,100) 180,900 216,000 414.450 Additional information: Investments were sold at a loss of $13.500; no equipment was sold; cash dividends paid were $40.500; and net income was $216,000. 2024 $105,300 249,750 99,900 324,000 (120,150) 203,850 216,000 238,950 Prepare a statement of cash flows for 2025 for Shamrock Corporation. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis eg. (15,000)) Adjustments to reconcile net income to Shamrock Corporation Statement of Cash Flows December 31, 2025 For the Quarter Ended December 31, 2025 For the Year Ended December 31, 2025
Transcribed Image Text:The following is a condensed version of the comparative balance sheets for Shamrock Corporation for the last two years at December 31. Cash Accounts receivable Investments Equipment Accumulated depreciation-equipment Current liabilities Common stock Retained earnings (a) 2025 $238,950 243,000 70.200 402,300 (143,100) 180,900 216,000 414.450 Additional information: Investments were sold at a loss of $13.500; no equipment was sold; cash dividends paid were $40.500; and net income was $216,000. 2024 $105,300 249,750 99,900 324,000 (120,150) 203,850 216,000 238,950 Prepare a statement of cash flows for 2025 for Shamrock Corporation. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis eg. (15,000)) Adjustments to reconcile net income to Shamrock Corporation Statement of Cash Flows December 31, 2025 For the Quarter Ended December 31, 2025 For the Year Ended December 31, 2025
Shamrock Corporation Statement of Cash Flows Adjustments to reconcile net income to Cash at Beginning of Year Cash at End of Year Cash Flows from Financing Activities Cash Flows from Investing Activities Cash Flows from Operating Activities Net Cash Provided by Financing Activities Net Cash Provided by Investing Activities Net Cash Provided by Operating Activities Net Cash Used by Financing Activities Net Cash Used Investa Activities Net Cash Used by Operating Activities Net Decrease in Cash Net Increase in Cash DOO
Transcribed Image Text:Shamrock Corporation Statement of Cash Flows Adjustments to reconcile net income to Cash at Beginning of Year Cash at End of Year Cash Flows from Financing Activities Cash Flows from Investing Activities Cash Flows from Operating Activities Net Cash Provided by Financing Activities Net Cash Provided by Investing Activities Net Cash Provided by Operating Activities Net Cash Used by Financing Activities Net Cash Used Investa Activities Net Cash Used by Operating Activities Net Decrease in Cash Net Increase in Cash DOO
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