Condensed financial data of Pat Metheny Company for 2020 and 2019 are presented below. Cash Receivables Inventory Plant

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Condensed Financial Data Of Pat Metheny Company For 2020 And 2019 Are Presented Below Cash Receivables Inventory Plant 1 (342.55 KiB) Viewed 35 times

Condensed Financial Data Of Pat Metheny Company For 2020 And 2019 Are Presented Below Cash Receivables Inventory Plant 2 (374.02 KiB) Viewed 35 times

Condensed Financial Data Of Pat Metheny Company For 2020 And 2019 Are Presented Below Cash Receivables Inventory Plant 3 (246.47 KiB) Viewed 35 times

Condensed Financial Data Of Pat Metheny Company For 2020 And 2019 Are Presented Below Cash Receivables Inventory Plant 4 (261.7 KiB) Viewed 35 times

Condensed financial data of Pat Metheny Company for 2020 and 2019 are presented below. Cash Receivables Inventory Plant assets PAT METHENY COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2020 AND 2019 Accumulated depreciation Long-term investments (held-to-maturity) Accounts payable Accrued liabilities Bonds payable Common stock 2020 $1,800 1,750 1.600 1.900 (1.200 ) 1.300 $7.150 $1.200 200 1.400 1.900 2019 $1,150 1,300 1.900 1.700 (1.170 ) 1.420 $6,300 $900 250 1.550 1.700 A 1. ** L

Question 1 of 1 Accounts payable Accrued liabilities Bonds payable Common stock Retained earnings PAT METHENY COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue Cost of goods sold Gross margin Selling and administrative expenses Income from operations Other revenues and gains $1,200 $6.900 4.700 $7,150 2.200 930 1.270 200 1.400 1.900 2.450 $900 250 1,550 1,700 1.900 $6,300 -/22 = ...

Question 1 of 1 Cost of goods sold Gross margin Selling and administrative expenses Income from operations Other revenues and gains Gain on sale of investments Income before tax Income tax expense Net income Cash dividends Income retained in business Additional information: > a 4,700 2,200 930 1,270 80 1,350 540 810 260 $550 -/22 During the year, $70 of common stock was issued in exchange for plant assets. No plant assets were sold in 2020. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000).)

Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000).) PAT METHENY COMPANY Statement of Cash Flows C December 31, 2020 Adjustments to reconcile net income to (Indirect Method) 5 $ A