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Requirements Calculate the following items for the statement of cash flows: a. Beginning and ending Plant Assets, Net, were $99,000 and $96,000, respectively. Depreciation for the period was $9,000, and purchases of new plant assets were $28,000. Plant assets were sold at a gain of $3,000. What were the cash proceeds of the sale? b. Beginning and ending Retained Earnings were $35,000 and $71,000, respectively. Net income for the period was $61,000, and stock dividends were $11,000. How much were the cash dividends? Requirement a. Beginning and ending Plant Assets, Net, were $99,000 and $96,000, respectively. Depreciation for the period was $9,000, and purchases of new plant assets were $28,000. Plant assets were sold at a gain of $3,000. What were the cash proceeds of the sale? Cash proceeds from the sale were Requirement b. Beginning and ending Retained Earnings are $ and $7 respectively. Net income for the period was $ ), and stock dividends were $ . How much were cash dividends? Cash dividends were $

Requirements Calculate the following items for the statement of cash flows: a. Beginning and ending Plant Assets, Net, were $99,000 and $96,000, respectively. Depreciation for the period was $9,000, and purchases of new plant assets were $28,000. Plant assets were sold at a gain of $3,000. What were the cash proceeds of the sale? b. Beginning and ending Retained Earnings were $35,000 and $71,000, respectively. Net income for the period was $61,000, and stock dividends were $11,000. How much were the cash dividends? Requirement a. Beginning and ending Plant Assets, Net, were $99,000 and $96,000, respectively. Depreciation for the period was $9,000, and purchases of new plant assets were $28,000. Plant assets were sold at a gain of $3,000. What were the cash proceeds of the sale? Cash proceeds from the sale were Requirement b. Beginning and ending Retained Earnings are $ and $7 respectively. Net income for the period was $ ), and stock dividends were $ . How much were cash dividends? Cash dividends were $

Intermediate Accounting: Reporting And Analysis
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
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 14P
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Requirements Calculate the following items for the statement of cash flows: proceeds of the sale? b. Beginning and ending Retained Earnings were $35,000 and $71,000, respectively. Net income for the period was $61,000, and stock dividends were $11,000. How much were the cash dividends? were the cash proceeds of the sale? Cash proceeds from the sale were Requirement b. Beginning and ending Retained Earnings are $. Cash dividends were and $ $

Requirements Calculate the following items for the statement of cash flows: a. Beginning and ending Plant Assets, Net, were $99,000 and $96,000, respectively. Depreciation for the period was $9,000, and purchases of new plant assets were $28,000. Plant assets were sold at a gain of $3,000. What were the cash proceeds of the sale? b. Beginning and ending Retained Earnings were $35,000 and $71,000, respectively. Net income for the period was $61,000, and stock dividends were $11,000. How much were the cash dividends? Requirement a. Beginning and ending Plant Assets, Net, were $99,000 and $96,000, respectively. Depreciation for the period was $9,000, and purchases of new plant assets were $28,000. Plant assets were sold at a gain of $3,000. What were the cash proceeds of the sale? Cash proceeds from the sale were Requirement b. Beginning and ending Retained Earnings are $ and $7 respectively. Net income for the period was $ ), and stock dividends were $ . How much were cash dividends? Cash dividends were $
Transcribed Image Text:Requirements Calculate the following items for the statement of cash flows: a. Beginning and ending Plant Assets, Net, were $99,000 and $96,000, respectively. Depreciation for the period was $9,000, and purchases of new plant assets were $28,000. Plant assets were sold at a gain of $3,000. What were the cash proceeds of the sale? b. Beginning and ending Retained Earnings were $35,000 and $71,000, respectively. Net income for the period was $61,000, and stock dividends were $11,000. How much were the cash dividends? Requirement a. Beginning and ending Plant Assets, Net, were $99,000 and $96,000, respectively. Depreciation for the period was $9,000, and purchases of new plant assets were $28,000. Plant assets were sold at a gain of $3,000. What were the cash proceeds of the sale? Cash proceeds from the sale were Requirement b. Beginning and ending Retained Earnings are $ and $7 respectively. Net income for the period was $ ), and stock dividends were $ . How much were cash dividends? Cash dividends were $
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