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Chapter 13, Problem 13.3BPR

Statement of cash flows—indirect method

The comparative balance sheet of Coulson, Inc. at December 31, 20Y2 and 20Y1, is as follows:

Dec 31, 20Y2 Dec. 31, 20Y1
Assets
Cash $ 300,600 $ 337,800
Accounts receivable (net) 704,400 609,600
inventories 918,600 865,800
Prepaid expense 18,600 26,400
Land 990,000 1,386,000
Buildings 1,980,000 990,000
Accumulated depreciation—buildings (307,200) (366,000)
Equipment 660,600 529,800
Accumulated depreciation—equipment (133,200) (162,000)
Total assets $ 5,042,400 $4,217,400
Liabilities and Stockholders' Equity
Accounts payable (merchandise creditors) $ 594,000 $ 631,300
Income taxes payable 26,400 21,600
Bonds payable 330,000 0
Common stock, $20 par 320,000 180,000
Paid-in capital: Excess of issue price over par—common stock 950,000 8 10,000
Retained earnings 2,822,000 2,574,600
Total liabilities and stockholders' equity $ 5,042,400 $4,217,400

The noncurrrent asset, noncurrent liability, and stockholders equity accounts for 20Y2 are as follows:

Chapter 13, Problem 13.3BPR, Statement of cash flowsindirect method The comparative balance sheet of Coulson, Inc. at December , example  1

Chapter 13, Problem 13.3BPR, Statement of cash flowsindirect method The comparative balance sheet of Coulson, Inc. at December , example  2

Instructions

Prepare a statement of cash flow s, using the indirect method of presenting cash flows from operating activities.

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Chapter 13 Solutions

Bundle: Financial & Managerial Accounting, 14th + Working Papers for Warren/Reeve/Duchac's Corporate Financial Accounting, 14th + Working Papers, ... & Managerial Accounting, 14th + CengageNOWv2,

Ch. 13 - Classifying cash flows Identify whether each of...Ch. 13 - Prob. 13.2BECh. 13 - Prob. 13.3BECh. 13 - Prob. 13.4BECh. 13 - Land transactions on the statement of cash flows...Ch. 13 - Common stock transactions on the statement of cash...Ch. 13 - Prob. 13.7BECh. 13 - Prob. 13.8BECh. 13 - Prob. 13.1EXCh. 13 - Effect of transactions on cash flows State the...Ch. 13 - Classifying cash flows Identify the type of cash...Ch. 13 - Prob. 13.4EXCh. 13 - Prob. 13.5EXCh. 13 - Cash flows from operating activitiesindirect...Ch. 13 - Cash flows from operating activitiesindirect...Ch. 13 - Prob. 13.8EXCh. 13 - Reporting changes in equipment on statement of...Ch. 13 - Prob. 13.10EXCh. 13 - Determining cash payments to stockholders The...Ch. 13 - Prob. 13.12EXCh. 13 - Reporting land acquisition for cash and mortgage...Ch. 13 - Prob. 13.14EXCh. 13 - Prob. 13.15EXCh. 13 - Prob. 13.16EXCh. 13 - Statement of cash flowsindirect method The...Ch. 13 - Statement of cash flowsindirect method List the...Ch. 13 - Prob. 13.19EXCh. 13 - Prob. 13.20EXCh. 13 - Cash flows from operating activities direct method...Ch. 13 - Prob. 13.22EXCh. 13 - Prob. 13.1APRCh. 13 - Prob. 13.2APRCh. 13 - Prob. 13.3APRCh. 13 - Prob. 13.4APRCh. 13 - Statement of cash flows direct method applied to...Ch. 13 - Statement of cash flowsindirect method The...Ch. 13 - Statement of cash flows indirect method The...Ch. 13 - Statement of cash flowsindirect method The...Ch. 13 - Statement of cash flows direct method The...Ch. 13 - Statement of cash flowsdirect method applied to PR...Ch. 13 - Prob. 1ADMCh. 13 - Prob. 2ADMCh. 13 - Prob. 3ADMCh. 13 - Priceline: Free cash flow Priceline Group, Inc. is...Ch. 13 - Prob. 13.1TIFCh. 13 - Prob. 13.3TIF
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