Following are selected balance sheet accounts of Allman Bros. Corp. at December

Question

Following are selected balance sheet accounts of Allman Bros. Corp. at December 31, 2014 and 2013, and the increases or decreases in each account from 2013 to 2014. Also presented is selected income statement information for the year ended December 31, 2014, and additional information.

2014

2013

Increase
(Decrease)

2014

2013

Increase

Additional information:

Determine the category (operating, investing, or financing) and the amount that should be reported in the statement of cash flows for the following items.

Activity

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Selected balance sheet accounts Assets

2014

2013

Increase
(Decrease)

Accounts receivable $33,760 $24,490 $9,270 Property, plant, and equipment 276,700 247,970 28,730 Accumulated depreciation—plant assets (178,990 ) (166,150 ) (12,840 ) Liabilities and stockholders’ equity

2014

2013

Increase

Bonds payable $ 49,650 $45,830 $3,820 Dividends payable 8,600 4,860 3,740 Common stock, $1 par 22,380 18,390 3,990 Additional paid-in capital 9,760 3,880 5,880 Retained earnings 104,600 91,450 13,150 Selected income statement information for the year ended December 31, 2014 Sales revenue $154,290 Depreciation 38,760 Gain on sale of equipment 14,190 Net income 31,100

Explanation / Answer

Classification :

No Transaction Activity Amount a. Payments for purchase of property, plant, and equipment. (28730+44280-25980) Investing activity -47030 b. Proceeds from the sale of equipment.
(44280-25920+14190) Investing activity 32550 c Cash dividend paid Financing activity -14210 d Redemption of bonds payable.
Financing activity -22160

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