i. Vo)13docs.google.com/forms/Presented below are the comparative December 31 financial statements for BISANCO, (in $ Millions). Prepare a statement of cash flows for December 31, Year 2 usingthe indirect methodBISAN CO.Balance SheetsAt December 31, Year 2 and Year 1Year 2$96,719Year I$28,694CashAccounts ReceivableInventory100,000206 25018751,562 500(762,500)19,375$1.224.21285313181,250Prepaid InsuranceLand, Buildings, and EquipmentAccumulated Depreciation2.5001 406 250(715,000)106,250InvestmentsTetal AssetsSL.095.256Accounts PayableSalaries PavableNotes Payable$95,42525,00031,250250.000$185,83830,62593,750Bonds PayableCommon StockRetained Eamings375.000447,544$1.224.219375,000410,014SL.095 256Additional information for Year 2(1) Sold available for sale securities costing S86,875 for $92,500.(2) Equipment costing $25,000 with a book value of $6,250 was sold for $7,500(3) Issued 89% bonds at face value for $250,000.(4) Purchased new equipment for $181.250 and paid cash(5) Paid cash dividends of $25,000(6) Net income was $62.500ir answerPage 5 of 5kSubmitالمزیدII

Name: i. Vo)13docs.google.com/forms/Presented below are the comparative Dec
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Description: i. Vo)13docs.google.com/forms/Presented below are the comparative December 31 financial statements for BISANCO, (in $ Millions). Prepare a statement of cash flows for December 31, Year 2 usingthe indirect methodBISAN CO.Balance SheetsAt December 31,

Cash flow statement is a statement which shows all cash inflows and cash outflows of business during…

Business

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Presented below are the comparative December 31 financial statements for BISAN co. (in S Milliens) Prepare a statement of cash flows for December 31, Year 2 using the indirect method. BISAN CO. Balance Sheets At December 31, Year 2 and Year 1 Year 2 $96,719 Year 1 $28,694 Cash Accounts Receivable 100,000 85313 Inventory Prepaid Insurance Land, Buildings, and Equipment Accumulated Depreciation Investments Tetal Assets 206 250 181,250 1875 1,562,500 (762 500) 19,375 $1.224.212 2,500 1,406, 250 (715,000) 106,250 $1.095.256 Accounts Payable Salarics Payable Notes Payable Bonds Payable Common Stock Retained Eamings $95,425 25,000 31,250 250,000 375,000 447,544 $1.224.219 $185,838 30,625 93,750 375,000 410,044 S1.095 256 Additional information for Year 2 (1) Sold available far sale securities costing S86,875 for $92.500 2) Equipment costing $25,000 with a boek value of S6,250 was sald for $7,500 (3) Issued 8% bonds at face value for $250,000. (4) Purchased new equipment for $181,250 and paid cash (5) Paid cash dividends of $25,000. (6) Net income was $62,500.

Presented below are the comparative December 31 financial statements for BISAN co. (in S Milliens) Prepare a statement of cash flows for December 31, Year 2 using the indirect method. BISAN CO. Balance Sheets At December 31, Year 2 and Year 1 Year 2 $96,719 Year 1 $28,694 Cash Accounts Receivable 100,000 85313 Inventory Prepaid Insurance Land, Buildings, and Equipment Accumulated Depreciation Investments Tetal Assets 206 250 181,250 1875 1,562,500 (762 500) 19,375 $1.224.212 2,500 1,406, 250 (715,000) 106,250 $1.095.256 Accounts Payable Salarics Payable Notes Payable Bonds Payable Common Stock Retained Eamings $95,425 25,000 31,250 250,000 375,000 447,544 $1.224.219 $185,838 30,625 93,750 375,000 410,044 S1.095 256 Additional information for Year 2 (1) Sold available far sale securities costing S86,875 for $92.500 2) Equipment costing $25,000 with a boek value of S6,250 was sald for $7,500 (3) Issued 8% bonds at face value for $250,000. (4) Purchased new equipment for $181,250 and paid cash (5) Paid cash dividends of $25,000. (6) Net income was $62,500.

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter12A: The Statement Of Cash Flows

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