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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

FINANCIAL ACCOUNTING
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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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: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
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
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
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