Homework: Chapt... The income statement and additional data of Supplements Plus, Inc. follows: (Click the icon...

   

 

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Homework: Chapt... The income statement and additional data of Supplements Plus, Inc. follows: (Click the icon to view the income statement.) Click the icon to view the additional data.) Question 8, EF14-21 (si... Part 1 of 4 211 pyr Prepare Supplements Plus's statement of cash flows for the year ended September 30, 2024, using the indirect method. Include a separate section for non-cash investing and financing activities. decrease in cash. If a box is not used in the statement, leave the box empty, do not select a label or enter a zero.) Supplements Plus, Inc. Statement of Cash Flows Year Ended September 30, 2024 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Net Cash Provided by (Used for) Operating Activities Help me solve this HW Score: 20%, 20 of 100 points O Points: 0 of 10 Demodocs example Get more help. Save Clear all Check answer Data table Supplements Plus, Inc. Income Statement Year Ended September 30, 2024 Net Sale Revenue Cost of Goods Sold Gross Profit Operating Expenses: Salaries Expense Depreciation Expense-Plant Assets Total Operating Expenses Net Income Before Income Taxes Income Tax Expense Net Income Print $ Done 50,000 26,000 $ 238,000 89,000 149,000 76,000 73,000 15,330 $ 57,670 ore info a. Acquisition of plant assets is $117,000. Of this amount, $100,000 is paid in cash and $17,000 by signing a note payable. b. Cash receipt from sale of land totals $23,000. There was no gain or loss. Cash receipts from issuance of common stock total $29,000. C. d. Payment of note payable is $16,000. e. Payment of dividends is $7,000. f. From the balance sheet: Cash Accounts Receivable Merchandise Inventory Land Plant Assets Accumulated Depreciation Accounts Payable Accrued Liabilities Print September 30 2023 $ 38,000 $14,330 39,000 55,000 91,000 83,000 72,000 95,000 172,000 55,000 (50,000) (24,000) 40,000 31,000 19,000 25,000 2024 Done More info d. Payment of note payable is $16,000. e. Payment of dividends is $7,000. f. From the balance sheer. Cash Accounts Receivable Merchandise Inventory Land Plant Assets Accumulated Depreciation Accounts Payable Accrued Liabilities Notes Payable (long-term) Common Stock, no par Retained Earnings Print September 30 2024 2023 $ 38,000 $ 14,330 39,000 55,000 91,000 83,000 72,000 95,000 172,000 55,000 (50,000) (24,000) 40,000 31,000 19,000 25,000 17,000 16,000 36,000 7,000 250,000 199,330 Done Homework: Chapt... The income statement and additional data of Supplements Plus, Inc. follows: (Click the icon to view the income statement.) Click the icon to view the additional data.) Question 8, EF14-21 (si... Part 1 of 4 211 pyr Prepare Supplements Plus's statement of cash flows for the year ended September 30, 2024, using the indirect method. Include a separate section for non-cash investing and financing activities. decrease in cash. If a box is not used in the statement, leave the box empty, do not select a label or enter a zero.) Supplements Plus, Inc. Statement of Cash Flows Year Ended September 30, 2024 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Net Cash Provided by (Used for) Operating Activities Help me solve this HW Score: 20%, 20 of 100 points O Points: 0 of 10 Demodocs example Get more help. Save Clear all Check answer Data table Supplements Plus, Inc. Income Statement Year Ended September 30, 2024 Net Sale Revenue Cost of Goods Sold Gross Profit Operating Expenses: Salaries Expense Depreciation Expense-Plant Assets Total Operating Expenses Net Income Before Income Taxes Income Tax Expense Net Income Print $ Done 50,000 26,000 $ 238,000 89,000 149,000 76,000 73,000 15,330 $ 57,670 ore info a. Acquisition of plant assets is $117,000. Of this amount, $100,000 is paid in cash and $17,000 by signing a note payable. b. Cash receipt from sale of land totals $23,000. There was no gain or loss. Cash receipts from issuance of common stock total $29,000. C. d. Payment of note payable is $16,000. e. Payment of dividends is $7,000. f. From the balance sheet: Cash Accounts Receivable Merchandise Inventory Land Plant Assets Accumulated Depreciation Accounts Payable Accrued Liabilities Print September 30 2023 $ 38,000 $14,330 39,000 55,000 91,000 83,000 72,000 95,000 172,000 55,000 (50,000) (24,000) 40,000 31,000 19,000 25,000 2024 Done More info d. Payment of note payable is $16,000. e. Payment of dividends is $7,000. f. From the balance sheer. Cash Accounts Receivable Merchandise Inventory Land Plant Assets Accumulated Depreciation Accounts Payable Accrued Liabilities Notes Payable (long-term) Common Stock, no par Retained Earnings Print September 30 2024 2023 $ 38,000 $ 14,330 39,000 55,000 91,000 83,000 72,000 95,000 172,000 55,000 (50,000) (24,000) 40,000 31,000 19,000 25,000 17,000 16,000 36,000 7,000 250,000 199,330 Done

Answer rating: 100% (QA)

To prepare the statement of cash flows for Supplements Plus Inc for the year ended September 30 2024 ... View the full answer