Question: S11-7. (Learning Objective 3: Computing operating cash flowsindirect method) Ether Corporation accountants have assembled the following data for the year ended June 30, 20X6. $

 S11-7. (Learning Objective 3: Computing operating cash flowsindirect method) Ether Corporation

S11-7. (Learning Objective 3: Computing operating cash flowsindirect method) Ether Corporation accountants have assembled the following data for the year ended June 30, 20X6. $ ? 5,700 Net income.. Payment of dividends Proceeds from the issuance of shares .... Sales revenue Decrease in current assets other than cash Purchase of treasury shares ...... 27,000 230,000 Cost of goods sold.... Other operating expenses. Purchase of equipment. Increase in cutrent liabilities.... Payment of note payable Proceeds from sale of land...... Depreciation expense $117,000 34,000 44,000 8,000 32,000 29,000 12,000 36,000 7,000 Prepare the operating activities section of Ether's statement of cash flows for the year ended June 30, 20X6. Ether uses the indirect method for operating cash flows. E11-33B. (Learning Objectives 4,5: Computing investing and financing amounts for the statement of cash flows) Compute the following items for the statement of cash flows: a. Beginning and ending PPE, Net, are 102,000 and 98,000, respectively. Depreciation for the period was 13,000, and purchases of new PPE were 30,000. PPE were sold at a 6,000 gain. What were the cash proceeds of the sale? b. Beginning and ending Retained Earnings are 46,000 and 70,000, respectively. Net income for the period was 49,000, and share dividends were 10,000. How much were cash dividends

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!