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Student Name:
Class:
Dec. 31 Changes Dec. 31
2015 Debits Credits 2016
30 12 42
35 7 28
5 3 2
380 380
McGraw-Hill/Irwin
Instructor
Problem 21-02
Revenues:
Sales revenue
Statement of Income
Liabilities:
Accounts payable
Salaries payable
Spreadsheet for the Statement of Cash Flows
WRIGHT COMPANY
Balance Sheet
Assets:
Cash
Student Name:
Class:
McGraw-Hill/Irwin
Instructor
Problem 21-02
382
142
Operating activities:
Cash inflows:
From customers
Cash outflows:
To suppliers of goods
Statement of Cash Flows
Student Name:
Class:
McGraw-Hill/Irwin
Instructor
Problem 21-02
382$
Cash outflows:
Cash flows from operating activities:
Cash inflows:
From customers
For year ended December 31, 2016 (in $000)
Statement of Cash Flows
WRIGHT COMPANY
Additional information:
Given Data P21-02:
WRIGHT COMPANY
Balance Sheet and Income Statement
data are given in the solution.
Student Name:
Class:
Dec. 31 Changes Dec. 31
2015 Debits Credits 2016
20 13 33
20 7 13
5 3 2
200 200
3 3
Problem 21-04
McGraw-Hill/Irwin
Instructor
Sales revenue
Dividend revenue
Statement of Income
Revenues:
Salaries payable
Spreadsheet for the Statement of Cash Flows ($ in 000s)
DUX COMPANY
Balance Sheet
Asset:
Liabilities:
Accounts payable
Cash
Student Name:
Class:
Problem 21-04
McGraw-Hill/Irwin
Instructor
203
From customers
Statement of Cash Flows
Operating activities:
Cash inflows:
Student Name:
Class:
Problem 21-04
McGraw-Hill/Irwin
Instructor
203$
2
(13)
Correct!
Net cash flows from investing activities
Cash outflows:
Cash flows from operating activities:
Cash flows from financing activities:
Cash inflows:
From customers
From dividends received
For year ended December 31, 2016 (in $000)
Statement of Cash Flows
DUX COMPANY
10$
14$
Common stock par value
Market price per share
DUX COMPANY
Given Data P21-04:
Balance Sheet and Income Statement data are given in the
solution.
Additional information:
Student Name:
Class:
Dec. 31 Changes Dec. 31
2015 Debits Credits 2016
375 225 600
450 150 600
450 300 750
225 75 300
2,645 2,645
90 90
600 (600)
Instructor
Problem 21-05
McGraw-Hill/Irwin
Revenues:
Sales revenue
Gain on sale of land
Expenses:
Cost of goods sold
Income Statement
Liabilities:
Accrued expenses
Spreadsheet for the Statement of Cash Flows ($ in 000s)
METAGROBOLIZE INDUSTRIES
Balance Sheet
Assets:
Accounts payable
Cash
Accounts receivable
Student Name:
Class:
Instructor
Problem 21-05
McGraw-Hill/Irwin
2,495
675
2,495$
(900)
165
150$
Correct!
Purchase of equipment
Land acquired by lease
Sale of land
Noncash investing and financing activities:
Cash flows from investing activities:
Cash flows from operating activities:
Cash inflows:
From customers
Operating activities:
Cash inflows:
From customers
To suppliers of goods
Cash outflows:
Statement of Cash Flows
For year ended December 31, 2016 (in $000)
Statement of Cash Flows
METAGROBOLIZE INDUSTRIES
Balance Sheet and Income Statement data
Given Data P21-05:
METAGROBOLIZE INDUSTRIES
are given in the solution.
