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:

Food

Nutritious substances that organisms consume or absorb in order to maintain life and growth.

Water

A transparent, tasteless, odorless, and nearly colorless chemical substance that is the main constituent of Earth's streams, lakes, and oceans.

Positive Reinforcement

A process in which presenting a stimulus following a behavior increases the likelihood of the behavior occurring again.

Stimulus

A stimulus is anything in the environment that one can respond to.