A Spreadsheet for a Statement of Cash Flows Is Presented

question 15

Essay

A spreadsheet for a statement of cash flows is presented below along with additional information.
Additional information: Net income was $508.
Dividends paid amounted to $16.
Last year, depreciation expense was inadvertently understated by $60. The appropriate correction was made this year. The company also received a related income tax refund of $10.
Six shares of $100 par common stock were issued as a small stock dividend. The current market value of the stock was $700 (in total).
Bonds payable were issued for $50. One year of amortization was recorded.
The treasury stock was reissued for $60.
The preferred stock was converted to an equal number of common shares. The book value method was used.
Property, plant, and equipment costing $200 was sold for a $120 gain. The assets were 90% depreciated.
Required:
Complete the spreadsheet:

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Definitions:

Price Lining

A pricing strategy where products are sold at a limited number of price points, each representing a distinct level of quality or feature set.

Personality Disorders

A group of mental disorders characterized by enduring maladaptive patterns of behavior, cognition, and inner experience, significantly deviating from cultural expectations.

Major Problems

Fundamental or significant issues that are substantial in magnitude and require attention or solutions.

DSM-IV-TR

The fourth edition, text revision of the Diagnostic and Statistical Manual of Mental Disorders, a handbook used by healthcare professionals as the authoritative guide to diagnose mental disorders.