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Based on the information provided below, prepare t...

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Based on the information provided below, prepare the statement of cash flows for the Decker Uniform Co. Decker Uniform Co. Comparative Balance Sheet For the Year Ended December 31, 2012 2012 2011 Assets Cash 140,000 160,000 Accounts Receivables 400,000 380,000 Inventory 480,000 420,000 Fixed Assets (net of accumulated Depreciation) 1,860,000 1,720,000 Less: Accumulated Depreciation (1,000,000) (900,000) Total 1,880,000 1,780,000 Liabilities & Owner?s Equity Accounts Payable 240,000 260,000 Accrued expense 120,000 100,000 Bonds Payable 780,000 720,000 Capital Stock 420,000 420,000 Retained Earnings 320,000 280,000 Total 1,880,000 1,780,000 Additional Information: 1.Net income for the year amounted to $60,000, and cash dividends were declared and paid in the amount of $20,000. 2. Decker Uniform Co.'s only noncash expense was depreciation Expense which totaled $100,000. 3. The company purchased plant assets for $140,000. 4. Bonds payable in the amount of $60,000 were issued during the year.

 

Paper#11345 | Written in 18-Jul-2015

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