Statement of Cash Flows of Dux Company Assignment
1. worth: 5.00 factors Downside 21-Four Assertion of money flows, direct technique [LO21-3, 21-8] The comparative stability sheets for 2016 and 2015 and the assertion of revenue for 2016 are given beneath for Dux Firm. Further info from Dux's accounting data is supplied additionally. DUX COMPANY Comparative Steadiness Sheets December 31, 2016, and 2015 ($ in 000s) 2016 $ 47 2015 $ 26 Property Money Accounts receivable Dividends receivable Stock Lengthy-term funding Land Buildings and tools Much less: Accrued depreciation 8580 26 22 100 187 210 (26) (50) $ 472 $ 415 $ 73 CO2 Liabilities Accounts payable Salaries payable Curiosity payable Earnings tax payable Notes payable Bonds payable Much less: Low cost on bonds Shareholders' Fairness Widespread inventory Paid-in capital extra of par Retained earnings Much less: Treasury inventory (at value) (2) 200 (1) 210 24 65 (10) $ 472 zero $ 415 DUX COMPANY Earnings Assertion For Yr Ended December 31, 2016 ($ in 000s) Revenues Gross sales income $ 260 Dividend income 5 $265 Bills Price of products bought Salaries expense Depreciation expense Curiosity expense Loss on sale of constructing Earnings tax expense 19227 Internet revenue $ 38 Further info from the accounting data: a. A constructing that initially value $44,000, and which was three-fourths depreciated, was bought for $7,000. b. The frequent inventory of Byrd Company was bought for $Four,000 as a long-term funding. c. The property was acquired by issuing a (expression error)%, seven-year, $30,000 notice payable to the vendor. d. New tools was bought for $21,000 money. e. On January 1, 2016, bonds have been bought at their $25,000 face worth. f. On January 19, Dux issued a 5% inventory dividend (1,000 shares). The market worth of the $10 par worth frequent inventory was $14 per share at the moment. g. Money dividends of $14,000 have been paid to shareholders. h. On November 12, 1,000 shares of frequent inventory have been repurchased as treasury inventory at a value of $10,000. Required: Put together the assertion of money flows of Dux Firm for the yr ended December 31, 2016. Current money flows from working actions by the direct technique. (Don't spherical your intermediate calculations. Enter your solutions in hundreds (i.e., 5,000 ought to be entered as 5). Quantities to be deducted ought to be indicated with a minus signal.) DUX COMPANY Assertion of Money Flows For the yr ended December 31, 2016 ($ in 000s) Money inflows: Money outflows: .