question archive Here are comparative statements of financial position for Splish Brothers SE Syal SE Comparative Statements of Financial Position December 31 2020 Assets 2019 Land €72
Here are comparative statements of financial position for Splish Brothers SE Syal SE Comparative Statements of Financial Position December 31 2020 Assets 2019 Land €72
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Here are comparative statements of financial position for Splish Brothers SE Syal SE Comparative Statements of Financial Position December 31 2020 Assets 2019 Land €72.800 €101.600 260,000 200,000 Equipment Accumulated depreciation equipment (66,500) (33,800 Inventory 170,200 186,700 Accounts receivable 86,400 71,300 Cash 72.800 33,300 Total €595,700 €559.100 Equity and Liabilities Share capital-ordinary (€1 par) €215,200 €173,000 Retained earnings 194.700 135,300 €215.200 €173,000 Equity and Liabilities Share capital-ordinary (€1 par) Retained earnings Bonds payable 194,700 135,300 150,800 203,600 Accounts payable 35,000 47,200 Total €595,700 €559.100 Additional information: 1. 2. Net income for 2020 was €102.000. Depreciation expense was €32.700. Cash dividends of €42.600 were declared and paid. 3. 4. Bonds payable amounting to €52,800 were redeemed for cash €52,800 . 5. Common stock was issued for €42.200 cash 6. No equipment was sold during 2020, JU .!! = 5. BUREATURED Were TUTTI Common stock was issued for €42.200 cash, No equipment was sold during 2020. Land was sold for its book value of €28,800. 6. 7 Prepare a statement of cash flows for 2020 using the indirect method (Show amounts that decrease cash flow with either a - signes. -15,000, or in parenthesis es (15,0001) SPLISH BROTHERS SE Statement of Cash Flows Adjustments to reconcile net income to < 3 ! > € Save for Later Attempts: unlimited Submit Answer
