Chapter 14 – Statement of Cash Flows
14–92
103. Smigel Corporation’s balance sheet and income statement appear below:
Chapter 14 – Statement of Cash Flows
Cash dividends were $1. The company sold equipment for $15 that was originally purchased
for $5 and that had accumulated depreciation of $5.
Required:
Determine the net cash provided by (used in) operating activities for the year using the
indirect method.
Chapter 14 – Statement of Cash Flows
14–94
104. Caplan Corporation’s balance sheet and income statement appear below:
Chapter 14 – Statement of Cash Flows
The company did not dispose of any property, plant, and equipment, issue any bonds payable,
or repurchase any of its own common stock during the year. The company declared and paid a
cash dividend.
Required:
Prepare a statement of cash flows in good form using the indirect method.
Chapter 14 – Statement of Cash Flows
14–96
105. Kawalek Corporation’s balance sheet appears below:
Chapter 14 – Statement of Cash Flows
The net income for the year was $151. Cash dividends were $42. The company did not
dispose of any property, plant, and equipment, issue any bonds payable, or repurchase any of
its own common stock during the year.
Required:
Prepare a statement of cash flows in good form using the indirect method.
Chapter 14 – Statement of Cash Flows
14–98
106. Arcade Corporation’s balance sheet and income statement appear below:
Chapter 14 – Statement of Cash Flows
The company did not dispose of any property, plant, and equipment, retire any bonds payable,
or repurchase any of its own common stock during the year. The company declared and paid a
cash dividend.
Required:
Prepare a statement of cash flows in good form using the indirect method.
Chapter 14 – Statement of Cash Flows
14-100
107. Roosevelt Corporation’s balance sheet appears below:
Chapter 14 – Statement of Cash Flows
Net income for the year was -$43. Cash dividends were $1. The company did not dispose of
any property, plant, and equipment, issue any bonds payable, or repurchase any of its own
common stock during the year.
Required:
Prepare a statement of cash flows in good form using the indirect method.
Chapter 14 – Statement of Cash Flows
108. Verhague Corporation’s net cash provided by operating activities was $84,000; its net
income was $61,000; its capital expenditures were $74,000; and its cash dividends were
$14,000.
Required:
109. Plotz Corporation’s net cash provided by operating activities was $59,000; its net income
was $67,000; its income taxes were $29,000; its capital expenditures were $44,000; and its
cash dividends were $13,000.
Required: