Matthauson Company Has the Following Comparative Balance Sheet Data Available

question 57

Essay

Matthauson Company has the following comparative balance sheet data available:
Additional information:
1.The company reports net income of $100,000 and Depreciation Expense of $20,000 for the year ending December 31,2015.
2.Dividends declared and paid in 2015,$70,000.
3.Equipment with a cost of $20,000,with Accumulated Depreciation of $10,000 was sold for $3,000.
4.New equipment was purchased for cash.
The company also reports the following income statement for the year ending December 31,2015:
Using the direct method,prepare the statement of cash flows for the year ending December 31,2015.

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Definitions:

ICD-10-PCS

International Classification of Diseases, Tenth Revision, Procedure Coding System; a coding system used to document medical procedures and services.

Hospital Inpatient

An individual who has been admitted to a hospital and stays overnight or for multiple days for medical care.

Combination Code

An ICD code in which two diagnoses are included in one code.

Diagnoses

The identification of the nature and cause of a health issue, often determined through examination and the use of diagnostic tests.