(LO 3), AP Presented below is selected financial information for Roio Corporation for December 31, 2022....
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(LO 3), AP Presented below is selected financial information for Roio Corporation for December 31, 2022. Determine items included in a statement of cash flows, prepare the statement, and comment. Inventory $ 25,000 Cash paid to purchase equipment 2$ 12,000 Cash paid to suppliers 104,000 Equipment 40,000 Buildings 200,000 Service revenue 100,000 Common stock 50,000 Cash received from customers 132,000 Cash dividends paid 7,000 Cash received from issuing common stock Cash at beginning of period 9,000 22,000 Instructions a. Prepare the statement of cash flows for Roio Corporation. Net cash increase $31,000 b. Comment on the adequacy of net cash provided by operating activities to fund the company's investing activities and dividend payments. (LO 3), AP Presented below is selected financial information for Roio Corporation for December 31, 2022. Determine items included in a statement of cash flows, prepare the statement, and comment. Inventory $ 25,000 Cash paid to purchase equipment 2$ 12,000 Cash paid to suppliers 104,000 Equipment 40,000 Buildings 200,000 Service revenue 100,000 Common stock 50,000 Cash received from customers 132,000 Cash dividends paid 7,000 Cash received from issuing common stock Cash at beginning of period 9,000 22,000 Instructions a. Prepare the statement of cash flows for Roio Corporation. Net cash increase $31,000 b. Comment on the adequacy of net cash provided by operating activities to fund the company's investing activities and dividend payments.
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Cash Balance Beginning 9000 Operating Cash Received from Customers 132000 C... View the full answer
Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-0470239803
5th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
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