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New Tab The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 2018 and...

Question:

New Tab The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 2018 and 2017, is as follows: Dec. 31, D
Additional data obtained from the income statement and from an examination of the accounts in the ledger for 2013 are as foll
F 5 New Tab Cash flows from operating activities: Adjustments to reconcile net income to net cash flow from operating activit
New Tab The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 2018 and 2017, is as follows: Dec. 31, Dec. 31, 2048 2017 Assets Cash $85,800 Accounts receivable (net) 131,840 Inventories 188,350 7,670 $105,370 142,050 176,050 5,340 315,430 (77,360) Prepaid expenses Equipment Accumulated depreciation equipment Total assets (99,750) $697,570 $666,880 $146,490 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Mortgage note payable Common stock, $1 par Paid-in capital: Excess of issue price over par-common stock 0 22,000 308,000 221,080 $139,380 200,060 14,000 188,000 125,440 Retained earnings Total liabilities and stockholders' equity $697,570 $666,880
Additional data obtained from the income statement and from an examination of the accounts in the ledger for 2013 are as follows: a. Net Income, $244,840. b. Depreciation reported on the income statement, $48,570. c. Equipment was purchased at a cost of $94,410, and fully depreciated equipment costing $26,180 was discarded, with no salvage realized d. The mortgage note payable was not due for six years, but the terms permitted earlier payment without penalty. e. 8,000 shares of common stock were issued at $16 for cash. f. Cash dividends declared and paid, $149,200.
F 5 New Tab Cash flows from operating activities: Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: DB 1000 ( pol. 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 used for financing activities Cash at the beginning of the year Check My Work Previous Next )

Answers

Yellow Dog Enterprises Inc. Statement of Cash Flows For the Year Ended December 31, 20Y8
Cash flows from operating activities:
Net income $   244,840
Adjustments to reconcile net income to
net cash flow from operating activities:
Depreciation $     48,570
Changes in current operating assets
and liabilities:
Decrease in accounts receivable $     10,210 142050-131840
Increase in inventory $   (12,300) 176050-188350
Increase in prepaid expenses $     (2,330) 5340-7670
Increase in accounts payable $       7,110 139380-146490
Net cash flow from operating activities $   296,100
Cash flows from investing activities:
Cash paid for equipment $   (94,410)
Net cash flow used for investing activities $   (94,410)
Cash flows from financing activities:
Cash received from sale of common stock $   128,000 8000*16
Cash paid for dividends $(149,200)
Cash paid to retire mortgage note payable $(200,060)
Net cash flow used for financing activities $(221,260)
Change in cash $   (19,570)
Cash at the beginning of the year $   105,370
Cash at the end of the year $     85,800
.

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