Comparative balance sheet accounts of Bonita Company are presented below. Debit Balances Cash Accounts Receivable Inventory...
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Comparative balance sheet accounts of Bonita Company are presented below. Debit Balances Cash Accounts Receivable Inventory Debt Investments (available-for-sale) Equipment Buildings Land Credit Balances Allowance for Doubtful Accounts Accumulated Depreciation-Equipment Accumulated Depreciation-Buildings Accounts Payable Income Taxes Payable Long-Term Notes Payable Common Stock Retained Earnings Totals Additional data: 1. 2. 3. Bonita Company Comparative Balance Sheet Accounts As of December 31 Totals 4. 5. 2025 $69.700 153,800 75,400 55,500 70,600 146.100 40,400 $611.500 $10,000 20,800 37,300 66,000 2024 $51,000 131,000 61,600 85,900 48,400 146,100 24,800 $548,800 $8,100 14,100 28,000 59,600 12,100 9,900 62,000 70,000 310,000 260,000 93,300 99,100 $611.500 $548,800 Equipment that cost $9.900 and was 60% depreciated was sold in 2025. Cash dividends were declared and paid during the year. Common stock was issued in exchange for land. Debt investments that cost $35,200 were sold during the year. There were no write-offs of uncollectible accounts during the year. Bonita's 2025 income statement is as follows. Sales revenue Less: Cost of goods sold Gross profit Less: Operating expenses (includes depreciation expense and bad debt expense) Income from operations Other revenues and expenses Gain on sale of investments Loss on sale of equipment Income before taxes Income taxes Net income (a) $14,900 (2,900) Net cash flow from operating activities $ $944,200 598,100 346,100 248,500 97,600 12,000 109,600 45,200 $64,400 Compute net cash provided by operating activities under the direct method. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Comparative balance sheet accounts of Bonita Company are presented below. Debit Balances Cash Accounts Receivable Inventory Debt Investments (available-for-sale) Equipment Buildings Land Credit Balances Allowance for Doubtful Accounts Accumulated Depreciation-Equipment Accumulated Depreciation-Buildings Accounts Payable Income Taxes Payable Long-Term Notes Payable Common Stock Retained Earnings Totals Additional data: 1. 2. 3. Bonita Company Comparative Balance Sheet Accounts As of December 31 Totals 4. 5. 2025 $69.700 153,800 75,400 55,500 70,600 146.100 40,400 $611.500 $10,000 20,800 37,300 66,000 2024 $51,000 131,000 61,600 85,900 48,400 146,100 24,800 $548,800 $8,100 14,100 28,000 59,600 12,100 9,900 62,000 70,000 310,000 260,000 93,300 99,100 $611.500 $548,800 Equipment that cost $9.900 and was 60% depreciated was sold in 2025. Cash dividends were declared and paid during the year. Common stock was issued in exchange for land. Debt investments that cost $35,200 were sold during the year. There were no write-offs of uncollectible accounts during the year. Bonita's 2025 income statement is as follows. Sales revenue Less: Cost of goods sold Gross profit Less: Operating expenses (includes depreciation expense and bad debt expense) Income from operations Other revenues and expenses Gain on sale of investments Loss on sale of equipment Income before taxes Income taxes Net income (a) $14,900 (2,900) Net cash flow from operating activities $ $944,200 598,100 346,100 248,500 97,600 12,000 109,600 45,200 $64,400 Compute net cash provided by operating activities under the direct method. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
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Cash Flow Statement Indirect Method Particulars Amount Amount Net Income 6440000 Adjustments to reconcile net income to Net cash provided by operating ... View the full answer
Related Book For
Intermediate Accounting principles and analysis
ISBN: 978-0471737933
2nd Edition
Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso
Posted Date:
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