Based on the following financial information, answer the following questions as they relate to the Statement of Cash Flows (using the Indirect Method for the Operating Activities Section): Net Income 75,000 Depreciation Expense Accounts Receivable - 750 Increase Inventory- Increase 500 200 Accounts Payable- 1.000 Decrease Income Taxes Payable- Increase Cash Received from Sale of Equipment Cash Dividends 3,000 Paid Cash Paid to 650 20,000 Purchase 85,000 Building Cash Received from Issuing Bonds 1,000,000
Based on the following financial information, answer the following questions as they relate to the Statement of Cash Flows (using the Indirect Method for the Operating Activities Section): Net Income 75,000 Depreciation Expense Accounts Receivable - 750 Increase Inventory- Increase 500 200 Accounts Payable- 1.000 Decrease Income Taxes Payable- Increase Cash Received from Sale of Equipment Cash Dividends 3,000 Paid Cash Paid to 650 20,000 Purchase 85,000 Building Cash Received from Issuing Bonds 1,000,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:S
ndance
uations
Based on the following financial information, answer the following questions as they relate to the
Statement of Cash Flows (using the Indirect Method for the Operating Activities Section):
Net Income 75,000
Depreciation
500
Expense
Accounts
Receivable - 750
Increase
Inventory-
Increase
200
Accounts
Payable-
Decrease
Income
Taxes
Payable-
Increase
Cash
Received
from Sale of
Equipment
Cash
Dividends 3,000
Paid
Cash Paid to
.
1,000
650
20,000
Purchase 85,000
Building
Cash
Received
from Issuing
Bonds
1,000,000
![neceiveu
from Sale of
Equipment
Cash
Dividends 3,000
Paid
Cash Paid to
20,000
Purchase 85,000
Building
Cash
Received
from Issuing
Bonds
Cash
Received
from Issuing
Stock
Cash Flow
Provided by
(Used by)
1,000,000
40,000
[Select]
Operating
Activities
Cash Flow
Provided by
(Used by) [Select]
Investing
Activities](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F42b072c6-14da-4be2-a91a-d8ef8b8d81b3%2Ffddb77f5-a283-44e7-903a-692045022f52%2Fsewvjtj_processed.jpeg&w=3840&q=75)
Transcribed Image Text:neceiveu
from Sale of
Equipment
Cash
Dividends 3,000
Paid
Cash Paid to
20,000
Purchase 85,000
Building
Cash
Received
from Issuing
Bonds
Cash
Received
from Issuing
Stock
Cash Flow
Provided by
(Used by)
1,000,000
40,000
[Select]
Operating
Activities
Cash Flow
Provided by
(Used by) [Select]
Investing
Activities
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