Selected Data from the Financial Statements for the Years Ended

question 200

Essay

Selected data from the financial statements for the years ended December 31, Year 2 and Year 1, are presented below:
$$\begin{array} { l r r } & \text { Year 2 } & \text { Year 1 } \\ \text { Property, plant, and equipment }& \$ 14,100 & \$ 12,200 \\\text { Accumulated depreciation }& 4,900 & 4,700 \\\text { Investments } & 450 & 240 \\\text { Short-term debt } & 55 & 57 \\ \text { Lang-term debt }& 1,500 & 1,200 \\\text { Common shares } & 597 & 567 \\\text { Share Repurchase--common shares } & ( 21 ) & ( 21 ) \\\text { Retained earnings } & 3,522 & 3,426 \\\text { Net income } &770&713\end{array}$$ The following additional information was obtained from the company's records:
1. Cash addituns to property, plant, and equpment during Year 2 were $2,300. An additional \$250 of plant assets were acquired through debt in anoncash transaction. Depreciation expense for Year 2 was $400. Gains an disposals of property, plant and equipment during Year 2 were $40.

2. The cash proceeds from the sale of investments in Year 2 were $\$ 120$ . There was a $\$ 30$ gain an the sale of the investments.

3. Praceeds fram lang-term debt issued during Year 2 were $\$ 200$ .

4. The issuance of common shares totalled $\$ 30$ in Year 2.
-Refer to Maritime Marine Services.What was the cost of investments purchased during Year 2?

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Definitions:

Software Productivity

A measure of the efficiency of a software development process, often evaluated by the quantity and quality of software produced within a given timeframe.

Data Type

A category that distinguishes the different varieties of data, like integer, floating-point, or string, defining the potential values for that category, the operations applicable to it, and the method of its storage.

Operations

Basic actions that can be performed on data, including mathematical and logical operations.

Programmer-defined Data Type

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