This Information will be used for all questions: Selected Balance Sheet Information Year 2020 Year 2021 Cash 40,000 ? Accounts Receivable 10,000 14,000 Prepaid Rent 5,000 6,000 Inventory 35,000 30,000 Accounts Payable 3,000 2,000 Unearned Revenue 5,000 7,000 Income Taxes Payable 14,000 12,000 Other Relevant Information for 2021 Beginning Cash Balance 40,000 Net Income 65,000 Depreciation Expense 40,000 Cash Paid for Dividends 10,000 Cash Received for Loan 40,000 Cash Repaying Loan 10,000 Cash Payment to Purchase Land 12,000 Cash Received for Sale of Equipment 15,000 Gain on Sale of Equipment 5,000 Cash Received for Issuance of Stock 10,000 Given the above information, what is the company's cash flows from financing activities?
This Information will be used for all questions: Selected Balance Sheet Information Year 2020 Year 2021 Cash 40,000 ? Accounts Receivable 10,000 14,000 Prepaid Rent 5,000 6,000 Inventory 35,000 30,000 Accounts Payable 3,000 2,000 Unearned Revenue 5,000 7,000 Income Taxes Payable 14,000 12,000 Other Relevant Information for 2021 Beginning Cash Balance 40,000 Net Income 65,000 Depreciation Expense 40,000 Cash Paid for Dividends 10,000 Cash Received for Loan 40,000 Cash Repaying Loan 10,000 Cash Payment to Purchase Land 12,000 Cash Received for Sale of Equipment 15,000 Gain on Sale of Equipment 5,000 Cash Received for Issuance of Stock 10,000 Given the above information, what is the company's cash flows from financing activities?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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This Information will be used for all questions:
| Selected |
Year 2020 | Year 2021 |
| Cash | 40,000 | ? |
| 10,000 | 14,000 | |
| Prepaid Rent | 5,000 | 6,000 |
| Inventory | 35,000 | 30,000 |
| Accounts Payable | 3,000 | 2,000 |
| Unearned Revenue | 5,000 | 7,000 |
| Income Taxes Payable | 14,000 | 12,000 |
| Other Relevant Information for 2021 | ||
| Beginning Cash Balance | 40,000 | |
| Net Income | 65,000 | |
| 40,000 | ||
| Cash Paid for Dividends | 10,000 | |
| Cash Received for Loan | 40,000 | |
| Cash Repaying Loan | 10,000 | |
| Cash Payment to Purchase Land | 12,000 | |
| Cash Received for Sale of Equipment | 15,000 | |
| Gain on Sale of Equipment | 5,000 | |
| Cash Received for Issuance of Stock | 10,000 | |
Given the above information, what is the company's
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