Calculate the following items for the statement of cash flows: a. Beginning and ending Plant Assets, Net,
Question:
Calculate the following items for the statement of cash flows:
a. Beginning and ending Plant Assets, Net, were $115,000 and $109,000, respectively. Depreciation for the period was $11,000, and purchases of new plant assets were $25,000. Plant assets were sold at a gain of $6,000. What were the cash proceeds of the sale?
b. Beginning and ending Retained Earnings were $37,000 and $72,000, respectively. Net income for the period was $63,000, and stock dividends were $9,000. How much were the cash dividends?
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a 115000 25000 11000 Book value sold X 109000 Book ...View the full answer
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Related Book For 
Financial Accounting
ISBN: 978-0134725987
12th edition
Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.
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