Based on the Information Provided Below, Complete the Following Worksheet

question 147

Essay

Based on the information provided below, complete the following worksheet to be used to prepare the statement of cash flows:
(a)Net income for the year was $30,000.
(b)Dividends of $10,000 were declared and paid.
(c)Stylish's only noncash expense was depreciation, which totaled $50,000.
(d)The company purchased plant assets for $70,000.
(e)Notes payable in the amount of $40,000 were issued during the year for cash.
(f)Merchandise inventory increased $30,000.
(g)Accounts payable decreased $10,000,
$\begin{array}{c}\text { STYLISH CORPORATION }\\\text { Spreadsheet for Statement of Cash Flows - Indirect Method }\\\text { For Year Ended December 31, 2013 }\\\begin{array}{c} \hline\quad \quad \quad \quad \quad \quad\text { Analysis of Changes }\\\begin{array}{|l|r|r|r|r|r|r|}\hline &12 / 31 / 12 & & \text { Debit } & & \text { Credit } & 12 / 31 / 13 \\\hline \text { Balance Sheet - Debits }\\\hline \text { Cash } & \$ 70,000 & & & & & \$ 60,000 \\\hline \text { Accounts receivable } & 180,000 & & & & & 190,000 \\\hline \text { Merchandise inventory } & 200,000 & & & && 230,000 \\\hline \text { Plant assets } & \underline{500,000} & & & & & \underline{570,000}\\\hline\\\hline \text { Statement of Cash Flows }\\\hline \text { Accumulated depreciation } & \$ 100,000 & & & & & \$ 150,000 \\\hline \text { Accounts payable } & 170,000 & & & & & 160,000 \\\hline \text { Notes payable } & 350,000 & & & & & 390,000 \\\hline \text { Capital stock } & 200,000 & & & & & 200,000 \\\hline \text { Retained earnings } & 130,000 & & & & & 150,000 \\\hline & \underline{\$ 950,000} & & & & & \underline{\$ 1,050,000} \\\hline\\\hline \text { Statement of Cash Flows } \\\hline \text { Operating activities } \\\hline \text { Net income } \\\hline \text { Increase in accounts receivable } \\\hline \text { Increase in merchandise inventory } \\\hline \text { Decrease in accounts payable } \\\hline \text { Depreciation expense } \\\hline \text { Investing activities } \\\hline \text { Cash paid to purchase plant assets } \\\hline \text { Financing activities } \\\hline \text { Cash paid for dividends } \\\hline \text { Cash received from note payable } \\\hline\end{array}\end{array}\end{array}$

Identify the habits and qualities of strong ethical leaders and the importance of passion, stakeholder consideration, and role modeling.

Understand the influence of leadership on coworker support, employee commitment, and motivation.

Recognize the importance and impact of ethical conflicts and how they are managed within organizations.

Familiarize with the concept of leader-exchange theory and its significance in leader and follower relationships.

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A variation of a BARS which uses all behaviors necessary for effective performance to rate performance at a task.

Behaviorally Anchored Rating Scale (BARS)

Method of performance measurement that rates behavior in terms of a scale showing specific statements of behavior that describe different levels of performance.

Feedback

Information employers give employees about their skills and knowledge and where these assets fit into the organization's plans.