Decrease in AccruedNet Cash Provided by (Used for) Operating ActivitiesCash Flows from Investing Activities:Cash Payment for Acquisition of Plant AssetsNet Cash Provided by (Used for) Investing ActivitiesHelp me solve thisDemodocs exampleescGet more help - More infoAdditionally, One Stop purchased land of $27,700 by financing it 100% withlong-term notes payable during 2024. During the year, there were no sales of land,no retirements of stock, and no treasury stock transactions. A plant asset wasdisposed of for $0. The cost and accumulated depreciation of the disposed assetwas $12,630. The plant acquisition was for cash.RdAcquisition of Land by Issuing Long-term Notes PayableCash Payment for Acquisition of Plant AssetsCash Payment of DividendsCash Payment of Notes PayableCash Receipt from Issuance of Common StockDecrease in Accrued LiabilitiesDecrease in Merchandise InventoryDepreciation Expense-Plant AssetsIncrease in Accounts PayableIncrease in Accounts ReceivableCash Payment for Acquisition of Plant AssetsNet Cash Provided by (Used for) Investing ActivitiesHelp me solve this Demodocs example: Get morT▾mathad (Lleo a minuc cian or naranthacar for amounts that r-One Stop, Inc.Income StatementYear Ended December 31, 2024ISNet Sales RevenueCost of Goods SoldGross ProfitOperating Expenses:Salaries ExpenseDepreciation Expense-Plant AssetsOther Operating ExpensesTotal Operating ExpensesOperating IncomeOther Income and (Expenses)Interest RevenueInterest ExpenseTotal Other Income and (Expenses)Net Income Before Income TaxesIncome Tax ExpenseNet IncomePrintDone$ 439,000203,200235,800102,100133,700(13,100)120,60019,900$ 100,70076,40014,90010,8008,200(21,300)Data table4Current Assets:CashAccounts ReceivableMerchandise InventoryLong-term Assets:24LandPlant AssetsAccumulated Depreciation-Plant AssetsTotal AssetsLiabilitiesCurrent Liabilities:Accounts PayableAccrued Liabilities.Long-term Liabilities:Notes PayableTotal LiabilitiesCommon Stock, no parRetained EarningsOne Stop, Inc.Comparative Balance SheetDecember 31, 2024 and 2023AssetsStockholders' EquityPrint$$SDone202426,800 $26,40079,50034,700118,850(16.950)269,300 $35,800 $28,60074,000138,40088,30042,600130 000O202315,10025,30091,2007,000110,380(14,680)234,30030,00030,700105,000165,70065,0003,60068.600

Statement of Cash Flow - Statement of Cash Flow shows the movement of Cash during the financial…

More info Additionally, One Stop purchased land of $27,700 by financing it 100% with long-term notes payable during 2024. During the year, there were no sales of land, no retirements of stock, and no treasury stock transactions. A plant asset was disposed of for $0. The cost and accumulated depreciation of the disposed asset was $12,630. The plant acquisition was for cash. R Acquisition of Land by Issuing Long-term Notes Payable Cash Payment for Acquisition of Plant Assets Cash Payment of Dividends Cash Payment of Notes Payable Cash Receipt from Issuance of Common Stock Decrease in Accrued Liabilities Decrease in Merchandise Inventory Depreciation Expense-Plant Assets Increase in Accounts Payable Increase in Accounts Receivable Cash Payment for Acquisition of Plant Assets Net Cash Provided by (Used for) Investing Activities B E Y mothed Hee-a minuc.cine.of.paranthacac for amounte that e - One Stop, Inc. Income Statement Year Ended December 31, 2024 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses: Salaries Expense Depreciation Expense-Plant Assets Other Operating Expenses Total Operating Expenses Operating Income Other Income and (Expenses): Interest Revenue Interest Expense Total Other Income and (Expenses) Net Income Before Income Taxes Income Tax Expense Net Income S 76,400 14,900 10,800 8,200 (21,300) $ 439,000 203,200 235,800 102,100 133,700 (13,100) 120,600 19,900 $ 100,700 Data table Current Assets: Cash Accounts Receivable Merchandise Inventory Long-term Assets: Land Plant Assets Accumulated Depreciation-Plant Assets Total Assets $ Liabilities Current Liabilities: Accounts Payable Accrued Liabilities Long-term Liabilities: Notes Payable Total Liabilities Common Stock, no par Retained Earnings One Stop, Inc. Comparative Balance Sheet December 31, 2024 and 2023 Assets Stockholders' Equity Print $ S Done 2024 26,800 $ 26,400 79,500 34,700 118,850 (16,950) 269,300 $ 35,800 $ 28,600 74,000 138,400 88,300 42,600 120.000 2023 15,100 25,300 91,200 7,000 110,380 (14,680) 234,300 30,000 30,700 105,000 165,700 65,000 3,600 AR RON

More info Additionally, One Stop purchased land of $27,700 by financing it 100% with long-term notes payable during 2024. During the year, there were no sales of land, no retirements of stock, and no treasury stock transactions. A plant asset was disposed of for $0. The cost and accumulated depreciation of the disposed asset was $12,630. The plant acquisition was for cash. R Acquisition of Land by Issuing Long-term Notes Payable Cash Payment for Acquisition of Plant Assets Cash Payment of Dividends Cash Payment of Notes Payable Cash Receipt from Issuance of Common Stock Decrease in Accrued Liabilities Decrease in Merchandise Inventory Depreciation Expense-Plant Assets Increase in Accounts Payable Increase in Accounts Receivable Cash Payment for Acquisition of Plant Assets Net Cash Provided by (Used for) Investing Activities B E Y mothed Hee-a minuc.cine.of.paranthacac for amounte that e - One Stop, Inc. Income Statement Year Ended December 31, 2024 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses: Salaries Expense Depreciation Expense-Plant Assets Other Operating Expenses Total Operating Expenses Operating Income Other Income and (Expenses): Interest Revenue Interest Expense Total Other Income and (Expenses) Net Income Before Income Taxes Income Tax Expense Net Income S 76,400 14,900 10,800 8,200 (21,300) $ 439,000 203,200 235,800 102,100 133,700 (13,100) 120,600 19,900 $ 100,700 Data table Current Assets: Cash Accounts Receivable Merchandise Inventory Long-term Assets: Land Plant Assets Accumulated Depreciation-Plant Assets Total Assets $ Liabilities Current Liabilities: Accounts Payable Accrued Liabilities Long-term Liabilities: Notes Payable Total Liabilities Common Stock, no par Retained Earnings One Stop, Inc. Comparative Balance Sheet December 31, 2024 and 2023 Assets Stockholders' Equity Print $ S Done 2024 26,800 $ 26,400 79,500 34,700 118,850 (16,950) 269,300 $ 35,800 $ 28,600 74,000 138,400 88,300 42,600 120.000 2023 15,100 25,300 91,200 7,000 110,380 (14,680) 234,300 30,000 30,700 105,000 165,700 65,000 3,600 AR RON

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter14: Statement Of Cash Flows

Section: Chapter Questions

Problem 1MCQ: Cash inflows from operating activities come from a. payment for raw materials. b. gains on the sale...

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