The Net Changes in the Balance Sheet Accounts of Eusey

question 114

Essay

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."

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