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    Statement of cash flows

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    Managerial accounting-statement of cash flows
    SHORES INC.
    Comparative Balance Sheet
    December 31, Year 2, and Year 1

    Yr. 2 Yr. 1
    Assets
    Cash $8 $18
    Accounts receivable 355 233
    Inventory 120 168
    Prepaid expenses 12 5
    Plant and equipment 612 475
    Less accumulated depreciation (97) (88)
    Long-term investments 17 22
    Total assets $1,027 $833

    Liabilities and Stockholders' Equity
    Accounts payable $321 $225
    Accrued liabilities 62 74
    Bonds payable 288 174
    Deferred income taxes 45 36
    Common stock 205 254
    Retained earnings 106 70
    Total liabilities and stockholders' equity $1,027 $833

    SHORES INC.
    Income Statement
    For the Year Ended December 31, Year 2

    Sales $805
    Cost of goods sold 502
    Gross margin 303
    Selling and administrative expenses 215
    Net operating income 88
    Nonoperating items:
    Gain on sale of investments $7
    Loss on sale of equipment 4 3
    Income before taxes 91
    Less income taxes 24
    Net income $67

    Equipment cost $20
    Equipment sale 10
    Accumulated depreciation on equipment 6
    Long-term investment purchase 5
    Long-term investment sale 12
    Cash dividends 31

    Check figure:
    (1) Net cash provided by operating
    activities $91

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    https://brainmass.com/business/statement-of-cash-flows/244990

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    The solution explains how to prepare a statement of cash flows for Shores Inc

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