Question: Below are balance sheet and income statement data for Howard Bannister Company Note For the balance sheet data, the end-of-year Information is in the left
Below are balance sheet and income statement data for Howard Bannister Company Note For the balance sheet data, the end-of-year Information is in the left column Balance Sheet Daca Accounts Payable Accumulated Depreciation Cash Common Stock DIVIDENDS PAYABLE Equipment Income Tax Payable Inventory Mortgage Payable Prepaid General Expenses Retained Earnings (ending balance after closing Unearned Sales Revenue 2,700 88888888888). 500 1545 Income Statement Data for 2012) S 2.000 330 Sales Cost of Goods Sold General Expenses Depreciation Expense Loss on Sale of PPE Income Tax Expense Total Expenses Net Income Additional information Equipment with a netbook value of $300 was sold during 2000 b. All accounts payable relate to inventory purchases c. Equipment costing $160 was purchased with a mortgage during 20X2 This fact is already reflected in the balance sheet numbers reported above. All other purchases of Equipment in 2012 were cash transactions. Compute the total CASH FROM OPERATING ACTIVITIES in 20X2 $1,180 $1.200 $1,300 5697 $1,027 $1,127 $1,227
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
