chegg Study Guided So y G Intermediate Accounting x httpsb

chegg Study | Guided So y G Intermediate Accounting x -) https://books.google.com/books?id=PydbJ2LZYUoC&pg; = RA4-PA36&lpg-RA4-PA36;&dq; = practice + exercise-classifying-cash-flow-the-company-provided-the-follc E Google practice exercise classifying cash flow the company provided the following inform Sign in Books Add to my library Page 36 > Write review Result 1 of 1 in this book for practice exercise classifying cash flow the company provided the following information cash sales for the year were $50,000; sales on account totaled $60,000 search X MEW EBOOK PRACTICE EXERCISES Get this book in print Classifying Cash Flows The company provided the following information (a) Cash sales for the year were $50,000; sales on account totaled $60,000. b) Cost of goods sold was $55,000. c) All inventory is purchased on account. (d) Depreciation on building was $31,000 for the year. e) Depreciation on equipment was $2,000. Practice 5-1 3 Reviews Write review Cash collections of accounts receivable were $38,000. (g) Cash payments on accounts payable for inventory equaled $39,000. h) Rent expense paid in cash was $11,000 Intermediate Accounting By Earl Stioe,James Stioe 20,000 shares of common stock were issued for $240,000 in cash. practice exercise classi Go Land valued at $106,000 was acquired in exchange for signing a mortgage note payable. k) Equipment was purchased for cash at a cost of $84,000. About this book Dividends of $46,000 were declared but not yet paid. m $15,000 of dividends that had been declared the previous year were paid in cash. In) Interest totaling S16,000 was paid in cash during the year. (o) A machine used on the assembly line was sold for $12,000 in cash. The machine had a book value of My library My History Books on Google Play $7,000. p) On January 1, the company entered into an operating lease to secure the use of a building having a cash price of $200,000. The first lease payment of $19,000 in cash was made on January 1 1. Compute cash from operating activities. 2. Compute cash from investing activities. 3. Extreme NAC Assessment Agent Compute cash from financing activities. CENGAGE Learning Cash and Cash Equivalents A company reports the following information as of the end of the year. Using the information, determine the total amount of cash and cash equivalents The Agent has not connected to the server for 30 days. If the agent is no longer required for network connectivity then it can be uninstalled. Practice 5-2 Pages displayed by permission of Cengage Learning. Copyright. 3:39 PM 9/29/2015

Solution

cash flow from operating activities

net income $ 60000

adjustment to reconcile net income to net cash provided by operating activities:-

depreciation on building $30000

depreciation on equipment 2000

cash payment in account in recivevable 38000

cash payment in inventry 39000

net cash provided by operating activities= $50000(it is the amount subtarcted by 60000 and total operating activities)

cash flow from investing activities

rent $11000

share stock 240000

land value 106000

equipment 84000

machine sold 12000

net cash folw of investing activites=$453000

cash flow from financial activities

dividends paid $46000

15000

interest 16000

cash price of 1 year 200000

lease payment 19000

net cash flow of fainacial activites=$258000