Question

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.

Required:
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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