Weston is preparing the company's statement of cash flows for the fiscal year just ended. Using the following information, determine the amount of cash flows
Weston is preparing the company's statement of cash flows for the fiscal year just ended. Using the following information, determine the amount of cash flows from financing activities:
Net income…………………………………………................$182,000
Gain on the sale of equipment………………………….....12,300
Proceeds from the sale of equipment…………………..92,300
Depreciation expense – equipment……………………..50,000
Payment of bonds at maturity………………………......100,000
Purchase of land………………………………………...........200,000
Issuance of common stock……………………………......300,000
Increase in merchandise inventory……………………...35,400
Decrease in accounts receivable……………………….....28,800
Increase in accounts payable………………………….......23,700
Payment of cash dividends…………………………...........32,000
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College Accounting
Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille
11th edition
978-1111528300, 1111528128, 1111528306, 978-1111528126
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