Cash Flow from Financing Activities $12,000 Using the information for the Melville Corporation, calculate the cash flow from financing activities. Accounts payable increase Accounts receivable increase Accrued liabilities decrease Amortization expense Cash balance, January 1 4,000 5,000 7,000 22,000 Cash balance, December 31 23,000 Cash paid as dividends 31,000 Cash paid to purchase land 90,000 Cash paid to retire bonds payable at par 60,000 Cash received from issuance of common stock 37,000 Cash received from sale of equipment 19,000 Depreciation expense 29,000 Gain on sale of equipment 4,000 Inventory decrease Net income Prepaid expenses increase Use a negative sign with answer to show cash outflow from (used by) financing activities. Cash flow from (or used by) financing activities 13,000 80,000 2,000 $ 0
Cash Flow from Financing Activities $12,000 Using the information for the Melville Corporation, calculate the cash flow from financing activities. Accounts payable increase Accounts receivable increase Accrued liabilities decrease Amortization expense Cash balance, January 1 4,000 5,000 7,000 22,000 Cash balance, December 31 23,000 Cash paid as dividends 31,000 Cash paid to purchase land 90,000 Cash paid to retire bonds payable at par 60,000 Cash received from issuance of common stock 37,000 Cash received from sale of equipment 19,000 Depreciation expense 29,000 Gain on sale of equipment 4,000 Inventory decrease Net income Prepaid expenses increase Use a negative sign with answer to show cash outflow from (used by) financing activities. Cash flow from (or used by) financing activities 13,000 80,000 2,000 $ 0
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![Cash Flow from Financing Activities
$12,000
Using the information for the Melville Corporation, calculate the cash flow from financing activities.
Accounts payable increase
Accounts receivable increase
Accrued liabilities decrease
Amortization expense
Cash balance, January 1
Cash balance, December 31
4,000
5,000
7,000
22,000
23,000
Cash paid as dividends
31,000
Cash paid to purchase land
90,000
Cash paid to retire bonds payable at par
60,000
Cash received from issuance of common stock 37,000
Cash received from sale of equipment
19,000
Depreciation expense
29,000
Gain on sale of equipment
4,000
Inventory decrease
Net income
Prepaid expenses increase
Use a negative sign with answer to show cash outflow from (used by) financing activities.
Cash flow from (or used by) financing activities
13,000
80,000
2,000
$ 0](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff1ac4a5c-5c91-4743-9545-fc03c7695e62%2F12d134e3-645f-4a20-8956-518fd99786fc%2Fxr2o1ke_processed.png&w=3840&q=75)
Transcribed Image Text:Cash Flow from Financing Activities
$12,000
Using the information for the Melville Corporation, calculate the cash flow from financing activities.
Accounts payable increase
Accounts receivable increase
Accrued liabilities decrease
Amortization expense
Cash balance, January 1
Cash balance, December 31
4,000
5,000
7,000
22,000
23,000
Cash paid as dividends
31,000
Cash paid to purchase land
90,000
Cash paid to retire bonds payable at par
60,000
Cash received from issuance of common stock 37,000
Cash received from sale of equipment
19,000
Depreciation expense
29,000
Gain on sale of equipment
4,000
Inventory decrease
Net income
Prepaid expenses increase
Use a negative sign with answer to show cash outflow from (used by) financing activities.
Cash flow from (or used by) financing activities
13,000
80,000
2,000
$ 0
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