Cash flow statement – Juras Equipment Co. for December 31, 2013

cash_flow_statement_-_juras_equipment_co._for_december_31_2013 x
 

PR 16-1B Statement of cash flows and indirect method

 

   The comparative balance sheet of Juras Equipment Co. for December 31, 2013 and 2012, is as follows:

 

The following additional information was taken from the records of Juras Equipment:

1.   
Equipment and land were acquired for cash.

2.   
There were no disposals of equipment during the year.

3.   
The investments were sold for $129,600 cash.
 

4.   
The common stock was issued for cash.

5.   
There was a $228,960 credit to Retained Earnings for net income.

6.   
There was a $144,000 debit to Retained Earnings for cash dividends declared.

Instructions

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

PR 16-1B Statement of cash flows and indirect method

   The comparative balance sheet of Juras Equipment Co. for December 31, 2013 and 2012, is as follows:

The following additional information was taken from the records of Juras Equipment:

1. Equipment and land were acquired for cash.

2. There were no disposals of equipment during the year.

3.

The investments were sold for $129,600 cash. 

4. The common stock was issued for cash.

5. There was a $228,960 credit to Retained Earnings for net income.

6. There was a $144,000 debit to Retained Earnings for cash dividends declared.

Instructions

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

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