Payment for purchase of land2416,000Proceeds from sale of land58,000Proceeds from issuance of capital stock347,000Proceeds from issuance of bonds payable99,000Payments to settle short-term debt74,000Interest and dividends received49,500Cash received from customers1,502,000Dividends paid182,000Cash paid to suppliers and employees1,172,00066,000Interest paid115,500Income taxes paid Cash and cash equivalents, January 1, 201986,000Cash and cash equivalents, December 31,2019?Acme FoodStatement of Cash FlowsFor the Year Ended December 31, 2019ash flows from operating activities (direct method)Cash received from customersinterest and dividends receivedCash provided by operating activitiesCash paid to suppliers and employeesInterest paidIncome taxes paidCash disbursed for operating activitiesNet cash flows from operating activitiesCash flows from investing activitiesCash paid to acquire landProceeds from saie of landNet cash used by investing activitiesCash flows from financing activitiesProceeds from issuing bonds payablePayments to settie short-term debtsProceeds from issuance of stockDividends paidNet cash provided by financing activitiesNet increase (decrease) in cashCash and cash equivalents, beginning of yearCesh and cash equivalents, end of year

Cash flow statement is one of the financial statement of the business, which shows all cash inflows…

Answered: Cash and cash equivalents, January 1,…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter15: Statement Of Cash Flows

Section: Chapter Questions

Problem 6DQ

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Problem 2 You are the controller for 21" Century Technologies. Your staff has prepared an income statement for the current year and has developed the following additional information by analyzing changes in the company's balance sheet accounts. 21 Century Technologies Income Statement For the year ended December 31, 2009 Revenue: Net Sales Interest Revenue Gain on sales of marketable securities Costs and expenses: Costs of goods sold Operating expenses (including depreciation of $225 000) Interest expense Income tax expense Loss on sales of plant assets Net Income 4,800,000 60,000 $1,000 2,430,000 1,860,000 63,000 150,000 18,000 390,000 Additional information: 1. Accounts receivable increased by $90 000 2. Accrued interest receivable decreased by $3 000 3. Inventory decreased by $90 000 and accounts payable to suppliers of merchandise decreased by $24 000 4. Short-term prepayments of operating expenses increased by $9 000 and accrued liabilities for operating expenses decreased by $12…
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Using the data given below, compute for the total amount of items that meet the definition of financial asset Cash P 100,000 Investment in shares – FVTPL 500,000 Investment in associate 2,000,000 Accounts receivable 1,000,000 Inventories 800,000 Prepaid rent 50,000 Interest rate swap receivable 200,000 Investment in debt securities – FVTOCI 400,000 Investment in debt securities – AC 300,000 Land 2,000,000 Buildings 3,000,000 Machinery and equipment 1,500,000 Patents 250,000

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