Question

Below is an income statement for Boulder Hill, Inc., for the year ended December 31, 2012, and the company’s balance sheets as of December 31, 2011, and 2012.
The prepaid expenses and accrued liabilities included in Boulder Hill’s balance sheets involve selling or general (operating) expenses. All of Boulder Hill’s sales and merchandise purchases are made on a credit basis.


Required
Determine the following amounts:
a. Cash spent on new equipment ______.
b. Net amount of investing cash flows ______.
c. Cash received from issuing stock ______.
d. Cash paid to suppliers of inventory ______.
e. Cash paid for selling and general expenses ______.
f. Cash received from the sale of land ______.
g. Cash received from the sale of equipment ______.
h. Cash received from customers ______.
i. Cash paid for dividends ______.
j. Net amount of operating cash flows ______.
k. Net amount of financing cash flows ______.


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  • CreatedSeptember 23, 2013
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