The information is taken from the records of Paul Company for 2020: Payment of dividends $4,000 Increase in accounts payable 15,000 Increase in accounts receivable 19,000 Decrease in inventories 6,000 Decrease in salaries payable 14,000 Net income 20,000 Payment for purchase of land and buildings 60,000 Issuance of ten-year bonds payable at par 50,000 Depreciation expense 10,000 Required: Prepare the cash flows from operating activities section of Paul Company's 2020 statement of cash flows using the indirect method. Enter amounts that represent cash outflows as negative numbers. Paul Company Statement of Cash Flows (Partial) For Year Ended December 31, 2020 Operating Activities: $fill in the blank 2 Adjustments for differences between net income and cash flows from operating activities: fill in the blank 4 fill in the blank 6 fill in the blank 8 fill in the blank 10 fill in the blank 12 Net cash provided by operating activities $fill in the blank 13

The information is taken from the records of Paul Company for 2020: Payment of dividends $4,000 Increase in accounts payable 15,000 Increase in accounts receivable 19,000 Decrease in inventories 6,000 Decrease in salaries payable 14,000 Net income 20,000 Payment for purchase of land and buildings 60,000 Issuance of ten-year bonds payable at par 50,000 Depreciation expense 10,000 Required: Prepare the cash flows from operating activities section of Paul Company's 2020 statement of cash flows using the indirect method. Enter amounts that represent cash outflows as negative numbers. Paul Company Statement of Cash Flows (Partial) For Year Ended December 31, 2020 Operating Activities: $fill in the blank 2 Adjustments for differences between net income and cash flows from operating activities: fill in the blank 4 fill in the blank 6 fill in the blank 8 fill in the blank 10 fill in the blank 12 Net cash provided by operating activities $fill in the blank 13

Fundamentals Of Financial Management, Concise Edition (mindtap Course List)

10th Edition

ISBN:9781337902571

Author:Eugene F. Brigham, Joel F. Houston

Publisher:Eugene F. Brigham, Joel F. Houston

Chapter3: Financial Statements, Cash Flow, And Taxes

Section: Chapter Questions

Problem 19SP

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The income statement of Armenia Corporation for 2020 included the following items: Interest income P2,101,000; Salaries expense 1,650,000; Insurance expense 277,200. The following balances have been excerpted from Armenia Corporation's statements of financial position for the year ended 12/31/2019 and 12/31/2020 respectively. Accrued interest receivable P165,000 P200,200; Accrued salaries payable 92,400 195,800; Prepaid insurance 33,000 24,200; Requirement #2: The cash paid for salaries during 2020 was Choices; P1,753,400 P1,557,600 P1,845,800 P1,546,600
The income statement of Armenia Corporation for 2020 included the following items: Interest income P2,101,000; Salaries expense 1,650,000; Insurance expense 277,200. The following balances have been excerpted from Armenia Corporation's statements of financial position for the year ended 12/31/2019 and 12/31/2020 respectively. Accrued interest receivable P165,000 P200,200; Accrued salaries payable 92,400 195,800; Prepaid insurance 33,000 24,200; Requirement #1: Based on the above information, determine the cash received for interest during 2020. Choices: P1,900,800 P2,101,000 P2,065,800 P2,136,200
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bartleby, a Learneo, Inc. business

Payment of dividends	$4,000
Increase in accounts payable	15,000
Increase in accounts receivable	19,000
Decrease in inventories	6,000
Decrease in salaries payable	14,000
Net income	20,000
Payment for purchase of land and buildings	60,000
Issuance of ten-year bonds payable at par	50,000
Depreciation expense	10,000

Paul Company
Statement of Cash Flows (Partial)
For Year Ended December 31, 2020
Operating Activities:
	$fill in the blank 2
Adjustments for differences between net income and cash flows from operating activities:
	fill in the blank 4
	fill in the blank 6
	fill in the blank 8
	fill in the blank 10
	fill in the blank 12
Net cash provided by operating activities	$fill in the blank 13