Cash Flow from Operating Activities $12,000 22,000 23,000 Using the information for the Melville Corporation, calculate the cash flow from operating activities. Accounts payable increase Accounts receivable increase Accrued liabilities decrease Amortization expense Cash balance, January 1 Cash balance, December 31 4,000 5,000 7,000 Cash paid as dividends 31,000 Cash paid to purchase land 90,000 Cash paid to retire bonds payable at par 60,000 Cash received from issuance of common stock 37,000 Cash received from sale of equipment 19,000 Depreciation expense 29,000 Gain on sale of equipment 4,000 Inventory decrease Net income Prepaid expenses increase Use a negative sign with answer to show cash outflow from (used by) operating activities. Cash flow from (or used by) operating activities: 13,000 80,000 2,000 $ 0
Cash Flow from Operating Activities $12,000 22,000 23,000 Using the information for the Melville Corporation, calculate the cash flow from operating activities. Accounts payable increase Accounts receivable increase Accrued liabilities decrease Amortization expense Cash balance, January 1 Cash balance, December 31 4,000 5,000 7,000 Cash paid as dividends 31,000 Cash paid to purchase land 90,000 Cash paid to retire bonds payable at par 60,000 Cash received from issuance of common stock 37,000 Cash received from sale of equipment 19,000 Depreciation expense 29,000 Gain on sale of equipment 4,000 Inventory decrease Net income Prepaid expenses increase Use a negative sign with answer to show cash outflow from (used by) operating activities. Cash flow from (or used by) operating activities: 13,000 80,000 2,000 $ 0
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 10E
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