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Cash flows from operating activities: XYZ Company Statement of Cash Flows For Ended December 31, 20X2 Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: Net cash flow from operating activities Cash flows from investing activities: Net cash flow used for investing activities Cash flows from financing activities: Net cash flow from financing activities Increase/Decrease in cash Cash at the beginning of the year Cash at the end of the year XYZ Company Balance Sheet December 31, 20X2 Dec. 31, 20X2 Dec. 31, 20X1 Inc./Dec. Cash 25,000 22,000 ? Accounts Receivable 30,000 10,000 ? Inventories 23,000 19,000 ? Investments 15,000 40,000 ? Land 60,000 0 ? Equipment 88,000 54,000 ? Accumulated depreciation-- Equipment (8,000) (5,000) ? 233,000 140,000 Accounts payable 16,000 18,000 ? Accrued expenses 20,000 3,000 ? Dividends payable 25,000 14,000 ? Common stock 120,000 80,000 ? Paid-in capital in excess of par 20,000 15,000 ? Retained earnings 32.000 10,000 ? 233,000 140,000 a. The investments were sold for $24,000 cash. b. Equipment and land were acquired for cash. c. There were no disposals of equipment during the year. d. The common stock was issued for cash. e. There was a $50,000 credit to Retained Earnings for net income. f. There was a $28,000 debit to Retained Earnings for cash dividends declared.

Cash flows from operating activities: XYZ Company Statement of Cash Flows For Ended December 31, 20X2 Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: Net cash flow from operating activities Cash flows from investing activities: Net cash flow used for investing activities Cash flows from financing activities: Net cash flow from financing activities Increase/Decrease in cash Cash at the beginning of the year Cash at the end of the year XYZ Company Balance Sheet December 31, 20X2 Dec. 31, 20X2 Dec. 31, 20X1 Inc./Dec. Cash 25,000 22,000 ? Accounts Receivable 30,000 10,000 ? Inventories 23,000 19,000 ? Investments 15,000 40,000 ? Land 60,000 0 ? Equipment 88,000 54,000 ? Accumulated depreciation-- Equipment (8,000) (5,000) ? 233,000 140,000 Accounts payable 16,000 18,000 ? Accrued expenses 20,000 3,000 ? Dividends payable 25,000 14,000 ? Common stock 120,000 80,000 ? Paid-in capital in excess of par 20,000 15,000 ? Retained earnings 32.000 10,000 ? 233,000 140,000 a. The investments were sold for $24,000 cash. b. Equipment and land were acquired for cash. c. There were no disposals of equipment during the year. d. The common stock was issued for cash. e. There was a $50,000 credit to Retained Earnings for net income. f. There was a $28,000 debit to Retained Earnings for cash dividends declared.

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter9: Metric-analysis Of Financial Statements
Section: Chapter Questions
Problem 9.4.13P: Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of...
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Cash flows from operating activities: XYZ Company Statement of Cash Flows For Ended December 31, 20X2 Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: Net cash flow from operating activities Cash flows from investing activities: Net cash flow used for investing activities Cash flows from financing activities: Net cash flow from financing activities Increase/Decrease in cash Cash at the beginning of the year Cash at the end of the year
Transcribed Image Text:Cash flows from operating activities: XYZ Company Statement of Cash Flows For Ended December 31, 20X2 Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: Net cash flow from operating activities Cash flows from investing activities: Net cash flow used for investing activities Cash flows from financing activities: Net cash flow from financing activities Increase/Decrease in cash Cash at the beginning of the year Cash at the end of the year
XYZ Company Balance Sheet December 31, 20X2 Dec. 31, 20X2 Dec. 31, 20X1 Inc./Dec. Cash 25,000 22,000 ? Accounts Receivable 30,000 10,000 ? Inventories 23,000 19,000 ? Investments 15,000 40,000 ? Land 60,000 0 ? Equipment 88,000 54,000 ? Accumulated depreciation-- Equipment (8,000) (5,000) ? 233,000 140,000 Accounts payable 16,000 18,000 ? Accrued expenses 20,000 3,000 ? Dividends payable 25,000 14,000 ? Common stock 120,000 80,000 ? Paid-in capital in excess of par 20,000 15,000 ? Retained earnings 32.000 10,000 ? 233,000 140,000 a. The investments were sold for $24,000 cash. b. Equipment and land were acquired for cash. c. There were no disposals of equipment during the year. d. The common stock was issued for cash. e. There was a $50,000 credit to Retained Earnings for net income. f. There was a $28,000 debit to Retained Earnings for cash dividends declared.
Transcribed Image Text:XYZ Company Balance Sheet December 31, 20X2 Dec. 31, 20X2 Dec. 31, 20X1 Inc./Dec. Cash 25,000 22,000 ? Accounts Receivable 30,000 10,000 ? Inventories 23,000 19,000 ? Investments 15,000 40,000 ? Land 60,000 0 ? Equipment 88,000 54,000 ? Accumulated depreciation-- Equipment (8,000) (5,000) ? 233,000 140,000 Accounts payable 16,000 18,000 ? Accrued expenses 20,000 3,000 ? Dividends payable 25,000 14,000 ? Common stock 120,000 80,000 ? Paid-in capital in excess of par 20,000 15,000 ? Retained earnings 32.000 10,000 ? 233,000 140,000 a. The investments were sold for $24,000 cash. b. Equipment and land were acquired for cash. c. There were no disposals of equipment during the year. d. The common stock was issued for cash. e. There was a $50,000 credit to Retained Earnings for net income. f. There was a $28,000 debit to Retained Earnings for cash dividends declared.
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