Additional data follow: A. Acquisition of plant assets is P124,000. Of this amount, P108,000 is paid in cash and P16,000 by signing a note payable. B. Cash receipt from sale of land totals P20,000. There was no gain or loss. c. Cash receipts from issuance of common stock total P36,000. D. Payment of notes payable is P15,000. E. Payment of dividends is P5,000. F. From the balance sheet: September 30 2018 2017 Cash P 39,000 P 13,000 Accounts Receivable 46,000 61,000 Merchandise Inventory 94,000 88,000 Land 82,000 102,000 Plant Assets 214,000 90,000 Accumulated Depreciation (61,000) (34,000) Accounts Payable 32,000 15,000 Accrued Liabilities 12,000 20,000 Notes Payable (long-term) 16,000 15,000 Common Stock, no par 40,000 4,000 Retained Earnings 314,000 266,000 Prepare Boost Plus's statement of cash flows for the year ended September 30, 2018, using the indirect method. Include a separate section for non-cash investing and financing activities.

Additional data follow: A. Acquisition of plant assets is P124,000. Of this amount, P108,000 is paid in cash and P16,000 by signing a note payable. B. Cash receipt from sale of land totals P20,000. There was no gain or loss. c. Cash receipts from issuance of common stock total P36,000. D. Payment of notes payable is P15,000. E. Payment of dividends is P5,000. F. From the balance sheet: September 30 2018 2017 Cash P 39,000 P 13,000 Accounts Receivable 46,000 61,000 Merchandise Inventory 94,000 88,000 Land 82,000 102,000 Plant Assets 214,000 90,000 Accumulated Depreciation (61,000) (34,000) Accounts Payable 32,000 15,000 Accrued Liabilities 12,000 20,000 Notes Payable (long-term) 16,000 15,000 Common Stock, no par 40,000 4,000 Retained Earnings 314,000 266,000 Prepare Boost Plus's statement of cash flows for the year ended September 30, 2018, using the indirect method. Include a separate section for non-cash investing and financing activities.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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