practiceproblemch12key 07f

practiceproblemch12key 07f - Sale of Investments 102,000...

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file:ch12practiceproblem solution dgd:0810 Waverly Corporation Statement of Cash Flows For Year ending December 31, 2009 Cash Flows from Operating Activities Net Income $16,000 Adjustments: Plus Depreciation Expense 37,000 Loss of Sale of Equipment 3,000 Less:Gain on Sale of Investments (12,000) Plus: Decrease in A/R 8,000 Decrease in Ppd. Expenses 4,000 Increase in A/P 7,000 Increase in Acc'd Liabilities 3,000 Less: Increase in Inventory (34,000) Decrease in Inc. Tax Payable (2,000) 14,000 Net Cash provided by Operating Activities $30,000 Cash Flows from Investing Activities Sale of Plant Assets 5,000
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Unformatted text preview: Sale of Investments 102,000 Purchase Plant Assets (120,000) Purchase Investments (78,000) Net Cash used by Investing Activities (91,000) Cash Flows from Financing Activities Issue Common Stock 150,000 Repaid Bonds (50,000) Paid Dividends (8,000) net Cash provided by Financing Activities 92,000 Net Increase in Cash $31,000 Plus: Beg Bal Cash 15,000 Ending Balance Cash $46,000 1 31,000 2 30,000 3 28,000 4 100,000 5 102,000 6-91,000 7 92,000 8-14,000 9 5,000 10 150,000 Page 3 of Handout Solution Key 1. D 2. G 3. B 4. E 5. I 6. J. 7. H 8. F 9. C 10. A...
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practiceproblemch12key 07f - Sale of Investments 102,000...

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