4. Prepare the STATEMENT OF CASH FLOWS for Gibbsboro School Bus Inc. for 2017, the accountant has complied the following data regarding cash flows: Cash and cash equivalents, December 31, 2017... Cash paid to acquire marketable securities.... Proceeds from sale of marketable securities..... Proceeds from issuance of capital stock. Proceeds from issuance of bonds...... Payments to settle short-term debt.. Interest and dividends received... Cash received from customers.. Dividends paid.. . Cash paid to suppliers and employees..... Interest paid...... Income taxes paid.... Cash and cash equivalents, January 1, 2017.... 78,000 $390,000 37,500 300,000 75,000 52,500 30,000 1,350,000 ..150,000 .1,050,000 45,000- 90,000 ? Give an evaluation of the cash flow situation for this important bus company, aka, Ralphie Bus Co.
4. Prepare the STATEMENT OF CASH FLOWS for Gibbsboro School Bus Inc. for 2017, the accountant has complied the following data regarding cash flows: Cash and cash equivalents, December 31, 2017... Cash paid to acquire marketable securities.... Proceeds from sale of marketable securities..... Proceeds from issuance of capital stock. Proceeds from issuance of bonds...... Payments to settle short-term debt.. Interest and dividends received... Cash received from customers.. Dividends paid.. . Cash paid to suppliers and employees..... Interest paid...... Income taxes paid.... Cash and cash equivalents, January 1, 2017.... 78,000 $390,000 37,500 300,000 75,000 52,500 30,000 1,350,000 ..150,000 .1,050,000 45,000- 90,000 ? Give an evaluation of the cash flow situation for this important bus company, aka, Ralphie Bus Co.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:GIBBSORORO SCHOOL BUS COMPNY INC.
4. Prepare the STATEMENT OF CASH FLOWS for Gibbsboro School Bus Inc. for 2017, the accountant has
complied the following data regarding cash flows:
Cash and cash equivalents, December 31, 2017.
Cash paid to acquire marketable securities.
Proceeds from sale of marketable securities.
Proceeds from issuance of capital stock...
Proceeds from issuance of bonds...
Payments to settle short-term debt..
Interest and dividends received.
Cash received from customers..
Dividends paid...
Cash paid to suppliers and employees.
Interest paid..
Income taxes paid..
Cash and cash equivalents, January 1, 2017..
78,000
.$390,000
37,500
300,000
75,000
52,500
30,000
1,350,000
.150,000
.1,050,000
45,000
90,000
?
Give an evaluation of the cash flow situation for this important bus company, aka, Ralphie Bus Co.
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