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

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter12: The Statement Of Cash Flows

Section: Chapter Questions

Problem 12.24MCE

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