Condensed financial data of Oakley Company appear below

Condensed financial data of Oakley Company appear below.

Oakley Company
Comparative Balance Sheets
December 31

Oakley Company
Income Statement
For the Year Ended December 31, 2019

Additional information:

Equipment costing $97,000 was purchased for cash during the year.
Investments were sold at cost.
Equipment costing $47,000 was sold for $15,550, resulting in gain of $8,750.
A cash dividend of $83,400 was declared and paid during the year.

Instructions

Prepare a worksheet for the statement of cash flows using in the indirect method. Enter the reconciling items directly in the worksheet columns, using letters to cross-reference each entry

Solution

Oakley Company
Worksheet
Statement of Cash Flows For the Year Ended December 31, 2019

Problems: Statement of Cash Flows

Problem-01: Statement of Cash Flows

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Problem-02: Statement of Cash Flows

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Problem-03: Statement of Cash Flows

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Problem-04: Statement of Cash Flows

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Problem-05: Statement of Cash Flows

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Problem-06: Statement of Cash Flows

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Problem-07: Statement of Cash Flows

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Problem-08: Statement of Cash Flows

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Problem-09: Statement of Cash Flows

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Problem-10: Statement of Cash Flows

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Problem-11: Statement of Cash Flows

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Problem-12: Statement of Cash Flows

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Problem-13: Statement of Cash Flows

Cushenberry Corporation had the following transactions. Sold land (cost $12,000) for $15,000 Issued common stock at par for $20,000 Recorded depreciation on buildings for $17,000. Paid salaries of $9,000. Issued...

Problem-14: Statement of Cash Flows

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Problem-15: Statement of Cash Flows

The current sections of Scoggin Inc.'s balance sheets at December 31, 2019 and 2020 are presented here. Scoggin's net income for 2019 was $153,000. Depreciation expense was $24,000. Instructions Prepare...

Problem-16: Statement of Cash Flows

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Problem-17: Statement of Cash Flows

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Problem-18: Statement of Cash Flows

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Problem-19: Statement of Cash Flows

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Statement of Cash Flows

Problem-12: Statement of Cash Flows

Instructions

Solution

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