Partial balance sheet data and additional information for Deloitte Industries are given below: Deloitte Industries Comparative...

Transcribed Image Text:

Partial balance sheet data and additional information for Deloitte Industries are given below: Deloitte Industries Comparative Balance Sheet December 31, 2018 and 2017 Assets Land, buildings, and equipment Accumulated depreciation--buildings and equipment Equities Common stock ($25 par). Additional paid-in capital Retained earnings Additional information: (a) June 15, 2018--issued 4,000 shares of common stock for cash. (b) July 1, 2018--purchased new equipment for cash. (c) December 31, 2018--paid cash dividends of $40,000. 2018 $325,000 (75,000) 300,000 40,000 30,000 2017 $200,000 (50,000) 200,000 20,000 Prepare the investing and financing activities sections of the statement of cash flows for the year ending December 31, 2018. Partial balance sheet data and additional information for Deloitte Industries are given below: Deloitte Industries Comparative Balance Sheet December 31, 2018 and 2017 Assets Land, buildings, and equipment Accumulated depreciation--buildings and equipment Equities Common stock ($25 par). Additional paid-in capital Retained earnings Additional information: (a) June 15, 2018--issued 4,000 shares of common stock for cash. (b) July 1, 2018--purchased new equipment for cash. (c) December 31, 2018--paid cash dividends of $40,000. 2018 $325,000 (75,000) 300,000 40,000 30,000 2017 $200,000 (50,000) 200,000 20,000 Prepare the investing and financing activities sections of the statement of cash flows for the year ending December 31, 2018.

Answer rating: 100% (QA)

Here are the investing and financing activities sections of the statement of cash flow... View the full answer