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# Problem 14-11 Missing Data; Statement of Cash Flows (LO14-1, LO14-2] Yoric Company listed the net changes...

Problem 14-11 Missing Data; Statement of Cash Flows (LO14-1, LO14-2] Yoric Company listed the net changes in its balance sheet accounts for the past year as follows: Cash Accounts receivable Inventory Prepaid expenses Long-term loans to subsidiaries Long-term investments Plant and equipment Accumulated depreciation Accounts payable Accrued liabilities Income taxes payable Bonds payable Common stock Retained earnings Debits > Credits > Credits by: Debits by: $51,700 170,200$ 83,300 4,000 100,000 91,000 343,000 65,700 49,200 5,500 9,600 410,000 129,000 76,600 $794,400$794,400 The following additional information is available about last year's activities: a. Net income for the year was $_? b. The company sold equipment during the year for$35,900. The equipment originally cost $160,000 and it had$125,400 in accumulated depreciation at the time of sale. C. Cash dividends of $10,600 were declared and paid during the year. d. The beginning and ending balances in the plant and Equipment and Accumulated Depreciation accounts are given below: Plant and equipment Accumulated depreciation Beginning Ending$2,853,000 $3,196,000$ 991,400 $1,057,100 e. The balance in the Cash account at the beginning of the year was$109,300; the balance at the end of the year was $_2_ f. If data are not given explaining the change in an account, make the most reasonable assumption as to the cause of the change. Required: Using the indirect method, prepare a statement of cash flows for the year. (List any deduction in cash and cash outflows as negative amounts.) Yoric Company Statement of Cash Flows Operating activities: Net income 0 0 Investing activities: 0 Financina activities: ## Answers #### Similar Solved Questions 1 answer ##### In Andalusian fowl, a single gene determines feather color. Individuals are either white (aa), gray (Aa),... In Andalusian fowl, a single gene determines feather color. Individuals are either white (aa), gray (Aa), or black (AA). The table gives the observed numbers for each phenotype in a wild population of 2,000 birds. Calculate actual allele frequencies, and the three expected phenotypes if the populati... 1 answer ##### 1. Use the IS-LM model to show how an unexpected inflation could result in a higher... 1. Use the IS-LM model to show how an unexpected inflation could result in a higher short-run GDP. 2. Use the IS-LM model to show how an expected inflation could result in a higher short-run GDP. Explain using an IS-LM diagram. Make sure you explain in words what happens in your diagram. 3) Suppose ... 1 answer ##### 2. (* 22 pts) The concept of discretization helps convert an image to a sequence of... 2. (* 22 pts) The concept of discretization helps convert an image to a sequence of 0s and 1s. See slides 48-58 of the lecture notes (available after lecture on September 26). Give an example of a quantity that must be discretized when converting a music file to Os and 1s. Explain your response must... 1 answer ##### How do you factor 3x^2+10x+3? How do you factor 3x^2+10x+3?... 1 answer ##### Lowden Company has an overhead application rate of 160% and allocates overhead based on direct material... Lowden Company has an overhead application rate of 160% and allocates overhead based on direct material cost. During the current period, direct material cost is$50,000 and direct labor cost $80,000. Determine the amount of overhead Lowden Company should record in the current period. Select one: A. ... 1 answer ##### Please, show work. Thanks! Blossom Company owns equipment that cost$84.000 when purchased on January 1,...
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