Statement of financial position balances asat 31 December 20X8 and 20 x 9 areprovided below for Laurel Inc. Laurel Inc.additional information: Net earnings for20x9 were $714,000. Equipment with anoriginal cost of $404,000 and a NBV of $152,000 was sold for $152,000 during theyear. Long-term investments were sold for$137,000 during the year. Short-terminvestments acquired are treasury billswith an original term of three months.Required: Prepare an SCF for 20x 9 usingthe indirect method. Note anyassumptions made during your SCFpreparation. (Deductible amounts andCash outflows should be indicated withminus sign.) Laurel Inc. Statement of CashFlows For the year ended 31 December 20X9 \table[[\table[[Operating activities:], [Net earninas]]],[Net earnings,Øs, 714,000,], [Adjustments for non-cashitems:...]. [Depreciation expense,0254,000,]. [Amortization of patent,var?€, 17,000,], [Gain on sale of long-terminvestment,diamond,(35,000), ], [Change incash,..]. [,950,000,], [Changes in networking capital:,C,.]. [Increase in accountsreceivable,0,207,000x,], [Increase ininventories,6, 93, 000ax, ], [Increase inaccounts payable,6), 17,000x, ], [Change incash,y, 667,000,], [Net cash fromoperations,.,10], [Investing activities:,E, 3518A8,], [Purchase of equipment,0,404,000 x,], [Proceeds on sale ofequipment, 6, 152, 000,], [Proceeds on saleof long-term investment,o, 137,0000,].[Change in cash,,115,000,], [Net cash forinvesting...,808,000],[Financing activities:...1. [Proceeds on sale of long-terminvestment,x, 116,000x, ], [Proceeds onissuance of shares,, 87,000px, ], [Dividendspaid,0, 104,000x,]] \table[[Cla,, 500,], [Netcash for investing..,808, 000], [Financingactivities:], [Proceeds on sale of long-terminvestment,x, 116,000x,]. [Proceeds onissuance of shares,vare, 87,000x, ], [Dividends paid,vare, 104, 000 x,]. [Changein cash, 99,000,], [Net cash fromfinancing.., 406, 000], [Change in cash,0,,651,000x

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Description: Statement of financial position balances asat 31 December 20X8 and 20 x 9 areprovided below for Laurel Inc. Laurel Inc.additional information: Net earnings for20x9 were $714,000. Equipment with anoriginal cost of $404,000 and a NBV of $152,000 was s

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Statement of financial position balances as at 31 December 20X8 and 20 x 9 are provided below for Laurel Inc. Laurel Inc. additional information: Net earnings for 20x9 were $714,000. Equipment with an original cost of $404,000 and a NBV of $ 152,000 was sold for $152,000 during the year. Long-term investments were sold for $137,000 during the year. Short-term investments acquired are treasury bills with an original term of three months. Required: Prepare an SCF for 20 x 9 using the indirect method. Note any

Statement of financial position balances as at 31 December 20X8 and 20 x 9 are provided below for Laurel Inc. Laurel Inc. additional information: Net earnings for 20x9 were $714,000. Equipment with an original cost of $404,000 and a NBV of $ 152,000 was sold for $152,000 during the year. Long-term investments were sold for $137,000 during the year. Short-term investments acquired are treasury bills with an original term of three months. Required: Prepare an SCF for 20 x 9 using the indirect method. Note any

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 50E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...

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