Cash and cash equivalents, January 1, 2019 86,000 Cash and cash equivalents, December 31,2019 Acme Food Statement of Cash Flows For the Year Ended December 31, 2019 ash flows from operating activities (direct method) Cash received from customers Interest and dividends received Cash provided by operating activities Cash paid to suppliers and employees Interest paid Income taxes paid Cash disbuned for operating activities Net cash flows from operating activities Cash flows from investing activities Cash paid to acquire land Proceeds from saie of land Net cash used by investing activities Cash flows from financing activities Proceeds from issuing bonds payable Payments to settie short-term debts Proceeds from issuance of stock Dividends paid Net cash provided by financing activities Net increase (decrease) in cash Cash and cash equivalents, beginning of year Cash and cash equivalents, end of year
Cash and cash equivalents, January 1, 2019 86,000 Cash and cash equivalents, December 31,2019 Acme Food Statement of Cash Flows For the Year Ended December 31, 2019 ash flows from operating activities (direct method) Cash received from customers Interest and dividends received Cash provided by operating activities Cash paid to suppliers and employees Interest paid Income taxes paid Cash disbuned for operating activities Net cash flows from operating activities Cash flows from investing activities Cash paid to acquire land Proceeds from saie of land Net cash used by investing activities Cash flows from financing activities Proceeds from issuing bonds payable Payments to settie short-term debts Proceeds from issuance of stock Dividends paid Net cash provided by financing activities Net increase (decrease) in cash Cash and cash equivalents, beginning of year Cash and cash equivalents, end of year
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question

Transcribed Image Text:Payment for purchase of land
2416,000
Proceeds from sale of land
58,000
Proceeds from issuance of capital stock
347,000
Proceeds from issuance of bonds payable
99,000
Payments to settle short-term debt
74,000
Interest and dividends received
49,500
Cash received from customers
1,502,000
Dividends paid
182,000
Cash paid to suppliers and employees
1,172,000
66,000
Interest paid
115,500
Income taxes paid

Transcribed Image Text:Cash and cash equivalents, January 1, 2019
86,000
Cash and cash equivalents, December 31,2019
?
Acme Food
Statement of Cash Flows
For the Year Ended December 31, 2019
ash flows from operating activities (direct method)
Cash received from customers
interest and dividends received
Cash provided by operating activities
Cash paid to suppliers and employees
Interest paid
Income taxes paid
Cash disbursed for operating activities
Net cash flows from operating activities
Cash flows from investing activities
Cash paid to acquire land
Proceeds from saie of land
Net cash used by investing activities
Cash flows from financing activities
Proceeds from issuing bonds payable
Payments to settie short-term debts
Proceeds from issuance of stock
Dividends paid
Net cash provided by financing activities
Net increase (decrease) in cash
Cash and cash equivalents, beginning of year
Cesh and cash equivalents, end of year
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images

Recommended textbooks for you


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON

Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education

Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education