V2.cengagenow.com CengageNOWV2 Onli Ch 16 HW exercises egin eBook Calculator Show Me How Statement of Cash...

V2.cengagenow.com CengageNOWV2 Onli Ch 16 HW exercises egin eBook Calculator Show Me How Statement of Cash Flows The comparative balance sheet of Hirayama Industries Inc. for December 31, 2012 and 2071, is as follows: Dec. 31, 2012 Dec 31, 2011 Assets $101 $33 Cash 58 41 36 22 Accounts receivable (net) Inventories Land 82 92 46 36 Equipment (12) $311 $218 $39 $33 6 Accumulated depreciation equipment Total Assets Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Dividends payable Common stock, $1 par Excess of paid-in capital over par Retained earnings Total liabilities and stockholders' equity 21 10 50 26 195 149 $311 $218 The following additional information is taken from the records: 1. Land was sold for $25. 2. Equipment was acquired for cash 3. There were no disposals of equipment during the year. 4. The common stock was issued for cash. S. There was a $67 credit to Retained Earnings for net income. 6. There was a $21 debit to Retained Earnings for cash dividends declared. Check My Work All work saved.

v2.ceng genow.com Ch HW exercises CengageNow Online teaching and learning resource from Cangage eBook Show Me How Calculator Retained earnings 195 149 Total liabuities and stockholders' equity $311 $210 The following additional information is taken from the records 1. Land was sold for $25 2. Equipment was acquired for cash 3. There were no disposals of pment during the year 4. The common stock was issued for cash 5. There was a $67 credit to Retained Earnings for net income. 6. There was a $21 debit to Retained Earnings for cash dividends declared a. Prepare a statement of cash flows, using the indirect method of presenting Cash flows from (used for) operating activities. Use the minus sign to indicate thout flows, cash payments, decreases in cash, or any negative adjustments Hirayama Industries Inc. Statement of Cash Flows For the Year Ended December 31, 2012 Cash flows from (used for operating activities Net Income Adjustments to reconcile net income to net cash flows from (used for operating activities Depreciation Gain on sale of land ✓ Changes in current operating assets and liabilities: Increase in accounts receivable Increase in inventories Increase in accounts payable Niet cash flow from operating activities Cashows from used for investing activities Cash received from sale of land DII III 0 Previous Next Check My Work All work saved Save and be submit Assignment for Grade a 7

A v2.cengagenow.com Ch. 16 HW exercises CengageNOWV2 Online teaching an eBook 4 Show Me How Calculator Cash flows from (used for) operating activities: Net Income Adjustments to reconcile net income to net cash flows from (used for) operating activities: Depreciation Gain on sale of land Changes in current operating assets and liabilities: Increase in accounts receivable Increase in inventories Increase in accounts payable DO DO DI II O Net cash flow from operating activities Cash flows from (used for) investing activities: Cash received from sale of land Cash paid for purchase of equipment Net cash flow from investing activities Cash flows from (used for) financing activities: Cash received from Issuing common stock Cash dividends → Net cash flows from financing activities Net increase in cash Cash balance, January 1, 2012 Cash balance, December 31, 2012 Check My Work All work saved Save and