question archive Check my work depreciation of $21
Check my work depreciation of $21
Subject:AccountingPrice: Bought3
Check my work depreciation of $21. In addition, the company sold long-term investments for $32 that had cost $21 when purchased several years ago, Weaver paid a cash dividend this year and the company repurchased $62 of its own stock. This year Weaver did not retire any bonds. Required: 1. Using the direct method, adjust the company's income statement for this year to a cash basis. 2. Using the information obtained in (1) above, along with an analysis of the remaining balance sheet accounts, prepare a statement of cash flows for this year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Using the direct method, adjust the company's income statement for this year to be deducted should be indicated with a minus sign.) a cash basis. (Adjustment amounts that are Weaver Company Direct Method of Determining the Net Cash Flows from Operating Activities Sales $ 790 Adjustments to a cash basis: 790 Adjustments to a cash basis: 0 Selling and administrative expenses Adjustments to a cash basis: 0 Income taxes Adjustments to a cash basis: 0 790 $ Poul Required 2 >
