Presented Below Is a Statement of Cash Flows for Plum

question 21

Essay

Presented below is a statement of cash flows for Plum, Inc., for the year ended December 31, 2017. Also shown is a partially completed comparative balance sheet as of December 31, 2017 and 2016. Required:
(a.) Complete the December 31, 2017 and 2016 balance sheets.(b.) Prepare a Statement of Changes in Retained Earnings for the year ended December 31, 2017.

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Definitions:

Nonmaterial Culture

The intangible and abstract components of a society, including values and norms.

Cultural Sanctions

Measures taken by a society to enforce norms and values, often through rewards for conformity and penalties for nonconformity.

Canadian Values Study

An investigation or research aimed at identifying and understanding the core values and beliefs held by individuals within Canadian society.

Advanced Democracies

refers to countries with highly developed political systems characterized by free and fair elections, protection of civil liberties, and high levels of economic development.