anonymousanon
16.10.2020 •
Business
Using the information for the Melville Corporation, calculate the cash flow from operating activities.
Accounts payable increase $12,000
Accounts receivable increase 4,000
Accrued liabilities decrease 5,000
Amortization expense 7,000
Cash balance, January 1 22,000
Cash balance, December 31 23,000
Cash paid as dividends 31,000
Cash paid to purchase land 90,000
Cash paid to retire bonds payable at par 60,000
Cash received from issuance of common stock 37,000
Cash received from sale of equipment 19,000
Depreciation expense 29,000
Gain on sale of equipment 4,000
Inventory decrease 13,000
Net income 80,000
Prepaid expenses increase 2,000
Required:
a. Use a negative sign with answer to show cash outflow from (used by) operating activities.
b. Using the information for the Melville Corporation above, calculate the cash flow from financing activities.
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Ответ:
i. Cash flow from operating activities
Net Income $80,000
Net profit before Taxation $80,000
Depreciation $29,000
Amortization expenses $7,000
Gain on sale of Equipment -$4,000
Net Profit before working capital changes $112,000
Accounts payable Increase $12,000
Inventory Decreases $13,000
Prepaid Expenses Increase -$2,000
Accounts receivables Increase -$4,000
Accrued Liabilities decrease -$5,000
Net Cash flow from operating activities $126,000
ii. Cash flow from financing activities
Cash paid as dividend -$31,000
Cash paid to retire bonds -$60,000
cash received from issuance of common stock $37,000
Cash flow used in financing activities -$54,000
Ответ:
claude monet
2. candy
thats the only time i got A GIFT..
Explanation: