The net changes in the balance sheet accounts of Eusey, Inc. for the year 2015 are shown below: Additional information: 2. Cash dividends of $128,000 were declared December 15, 2015, payable January 15, 2016. A 5% stock dividend was issued March 31, 2015, when the market value was $22.00 per share.3. The long-term investments were sold for $140,000.4. A building and land which cost $480,000 and had a book value of $350,000 were sold for $400,000. The cost of the land, included in the cost and book value above, was $20,000. 6. A fully depreciated copier machine which cost $28,000 was written off.7. Preferred stock of $60,000 par value was redeemed for $80,000.8. The company sold 12,000 shares of its common stock ($10 par) on June 15, 2015 for $25 a share. There were 87,600 shares outstanding on December 31, 2015.9. Bonds were sold at 104 on December 31, 2015."10. Land that was condemned had a book value of $240,000.
InstructionsPrepare a statement of cash flows (indirect method). Ignore tax effects."

Question

The net changes in the balance sheet accounts of Eusey, Inc. for the year 2015 are shown below:  Additional information:  2. Cash dividends of $128,000 were declared December 15, 2015, payable January 15, 2016. A 5% stock dividend was issued March 31, 2015, when the market value was $22.00 per share.3. The long-term investments were sold for $140,000.4. A building and land which cost $480,000 and had a book value of $350,000 were sold for $400,000. The cost of the land, included in the cost and book value above, was $20,000.  6. A fully depreciated copier machine which cost $28,000 was written off.7. Preferred stock of $60,000 par value was redeemed for $80,000.8. The company sold 12,000 shares of its common stock ($10 par) on June 15, 2015 for $25 a share. There were 87,600 shares outstanding on December 31, 2015.9. Bonds were sold at 104 on December 31, 2015."10. Land that was condemned had a book value of $240,000.
InstructionsPrepare a statement of cash flows (indirect method). Ignore tax effects."

Quizplus · Accepted Answer

The Answer of The net changes in the balance sheet accounts of Eusey, Inc. for the year 2015 are shown below:  Additional information:  2. Cash dividends of $128,000 were declared December 15, 2015, payable January 15, 2016. A 5% stock dividend was issued March 31, 2015, when the market value was $22.00 per share.3. The long-term investments were sold for $140,000.4. A building and land which cost $480,000 and had a book value of $350,000 were sold for $400,000. The cost of the land, included in the cost and book value above, was $20,000.  6. A fully depreciated copier machine which cost $28,000 was written off.7. Preferred stock of $60,000 par value was redeemed for $80,000.8. The company sold 12,000 shares of its common stock ($10 par) on June 15, 2015 for $25 a share. There were 87,600 shares outstanding on December 31, 2015.9. Bonds were sold at 104 on December 31, 2015."10. Land that was condemned had a book value of $240,000.
InstructionsPrepare a statement of cash flows (indirect method). Ignore tax effects."

The Net Changes in the Balance Sheet Accounts of Eusey