The following information is available for Washington Mills Corp. for 2012. Cash used to purchase treasury stock
Question:
Cash used to purchase treasury stock .............$ 48,100
Cash dividends paid .....................21,800
Cash paid for interest ...................22,400
Net income .......................464,300
Sales .........................802,000
Cash paid for taxes ......................99,000
Cash received from customers ...............566,100
Cash received from sale of building (at book value) ........197,600
Cash paid for operating expenses ...............77,000
Beginning cash balance ...................11,000
Cash paid for goods and services ..............279,100
Cash received from issuing common stock ...........355,000
Cash paid to redeem bonds at maturity ............200,000
Cash paid to purchase equipment ...............113,200
Instructions
Prepare a statement of cash flows using the direct method.
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
Question Posted: