Cash Flow from Financing Activities Using the information for the Seville Corporation, calculate the cash flow from
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Question:
Cash Flow from Financing Activities Using the information for the Seville Corporation, calculate the cash flow from financing activities.
Accounts payable increase | $25,200 |
Accounts receivable increase | 11,200 |
Accrued liabilities decrease | 3,000 |
Amortization expense | 6,000 |
Cash balance, January 1 | 22,000 |
Cash balance, December 31 | 15,000 |
Cash paid as dividends | 81,200 |
Cash paid to purchase land | 90,000 |
Cash paid to retire bonds payable at par | 168,000 |
Cash received from issuance of common stock | 98,000 |
Cash received from sale of equipment | 17,000 |
Depreciation expense | 29,000 |
Gain on sale of equipment | 4,000 |
Inventory decrease | 13,000 |
Net income | 212,800 |
Prepaid expenses increase | 2,000 |
Use a negative sign with answer to show cash outflow from (used by) financing activities.
Cash flow from (or used by) financing activities
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