Please make the statement of cash flows
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter21: The Statement Of Cash Flows
Section: Chapter Questions
Problem 14GI: Dunn Company recognized a 5,000 unrealized holding gain on investment in Starbuckss long-term bonds...
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Question
Please make the statement of
![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
1,172,000
Cash paid to suppliers and employees
66,000
Interest paid
115,500
Income taxes paid](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd8d9724b-8d02-4443-b880-05a39a532c83%2F7f5b046b-24f2-4ef2-9b13-cf0b1b4da8b3%2Fwyg0q1m_processed.jpeg&w=3840&q=75)
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
1,172,000
Cash paid to suppliers and employees
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
Cash 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 settle 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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd8d9724b-8d02-4443-b880-05a39a532c83%2F7f5b046b-24f2-4ef2-9b13-cf0b1b4da8b3%2F6zvnjfw_processed.jpeg&w=3840&q=75)
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
Cash 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 settle 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
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