Question: help me I have 10mins Question 5 Additional information: 1. New plant assets costing $100,000 were purchased for cash during the year. 2. Old plant

help me I have 10mins

Question 5 Additional information: 1. New plant assets costing $100,000 were purchased for cash during the year. 2. Old plant assets having an original cost of $57,500 and accumulated depreciation of $48,500 were sold for $1,500 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $26,030 was declared and paid during the year. 5. Common stock was issued at par for cash. 6. There were no significant noncash transactions. INSTRUCTIONS: Determine the result produced by the displayed cash flow activity. First state whether the net cash is "provided by" or "used by the net cash amount is negative, record it with parentheses as follows: ($555,555). Failure to do so will result in an in Example responses: Net cash provided by or used by? Used by. Net cash amount? $555,555 Question 5 Additional information: 1. New plant assets costing $100,000 were purchased for cash during the year. 2. Old plant assets having an original cost of $57,500 and accumulated depreciation of $48,500 were sold for $1,500 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $26,030 was declared and paid during the year. 5. Common stock was issued at par for cash. 6. There were no significant noncash transactions. INSTRUCTIONS: Determine the result produced by the displayed cash flow activity. First state whether the net cash is "provided by" or "used by the net cash amount is negative, record it with parentheses as follows: ($555,555). Failure to do so will result in an in Example responses: Net cash provided by or used by? Used by. Net cash amount? $555,555
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