Question: Denton Corporation s statement of financial position accounts as at 31

Denton Corporation’s statement of financial position accounts as at 31 December 20X4 and 20X5 and information relating to 20X5 activities are presented below.

Information relating to 20x5 activities:
• Net earnings for 20X5 were $ 690,000.
• Cash dividends were declared and paid in 20X5.
• Equipment costing $ 400,000 and having a net book value of $ 150,000 was sold for $ 150,000.
• A long- term investment was sold for $ 135,000. There were no other transactions affecting long- term investments in the year.
• Short- term investments consist of treasury bills with an original term of three months.

Determine the following amounts for Denton for the year 20X5:
1. Net cash from operating activities (indirect method)
2. Net cash from investing activities
3. Net cash from financing activities

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  • CreatedFebruary 17, 2015
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