Statement of cash flows Data for San Mateo Health Care for January are provided in Problems 3-1, 3-2, and 3-3. Instructions Prepare a statement of cash flows for January.

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Answer 1

Textbook Question

Chapter 3, Problem 3.4.1P

Statement of cash flows
Data for San Mateo Health Care for January are provided in Problems 3-1, 3-2, and 3-3.
Instructions

Prepare a statement of cash flows for January.

Expert Solution & Answer

To determine

Concept Introduction:

Cash Flow statement:

The Cash flow statement shows the movement of cash during a particular period. The Cash flows are categorized into three categories as follows:

Cash flows from operating activities
Cash Flows from investing activities
Cash flows from financing activities

(Note: Cash flows from operating activities can be prepared using direct or indirect method)

To Prepare:

The Cash Flow Statement

Answer to Problem 3.4.1P

The Cash Flow Statement is as follows:

Statement of Cash Flows-Direct Method

Cash flow from Operating activities:

Collection from Customers	$ 246,000
Payments to Suppliers	$(116,000)
Payments to Employees	$ (51,000)
Payment of Income tax	$ (7,500)
Interest Expense	$ (2,500)
Dividend Revenue	$ 7,000
Net Cash Provided by Operating activities		$ 76,000

Cash flow from Investing activities:
Cash Payment for Acquisition of Plant Assets	$(102,000)
Cash Receipts from Sale of Land	$ 29,000
Net Cash Used by Investing activities		$(73,000)

Cash flow from Financing activities:
Cash Receipts from Issuance of Common Stock	$ 38,000
Payment of Long Term notes payable	$ (10,000)
Payment of Dividends	$ (9,000)
Net Cash Provided by Financing activities		$ 19,000

Net Cash Flows		$ 22,000
Add: Beginning Cash Balance		$ 21,000
Ending Cash Balance		$ 43,000

The Cash Flow Statement is prepared as follows:

Statement of Cash Flows-Direct Method

Cash flow from Operating activities:

Collection from Customers (233000+13000)	$ 246,000
Payments to Suppliers (104000+12000)	$(116,000)
Payments to Employees (48000+3000)	$ (51,000)
Payment of Income tax	$ (7,500)
Interest Expense	$ (2,500)
Dividend Revenue	$ 7,000
Net Cash Provided by Operating activities		$ 76,000

Cash flow from Investing activities:
Cash Payment for Acquisition of Plant Assets	$(102,000)
Cash Receipts from Sale of Land	$ 29,000
Net Cash Used by Investing activities		$(73,000)

Cash flow from Financing activities:
Cash Receipts from Issuance of Common Stock	$ 38,000
Payment of Long Term notes payable	$ (10,000)
Payment of Dividends	$ (9,000)
Net Cash Provided by Financing activities		$ 19,000

Net Cash Flows		$ 22,000
Add: Beginning Cash Balance		$ 21,000
Ending Cash Balance		$ 43,000

Explanation of Solution

The Cash Flow Statement is prepared as follows:

Statement of Cash Flows-Direct Method

Cash flow from Operating activities:

Collection from Customers (233000+13000)	$ 246,000
Payments to Suppliers (104000+12000)	$(116,000)
Payments to Employees (48000+3000)	$ (51,000)
Payment of Income tax	$ (7,500)
Interest Expense	$ (2,500)
Dividend Revenue	$ 7,000
Net Cash Provided by Operating activities		$ 76,000

Cash flow from Investing activities:
Cash Payment for Acquisition of Plant Assets	$(102,000)
Cash Receipts from Sale of Land	$ 29,000
Net Cash Used by Investing activities		$(73,000)

Cash flow from Financing activities:
Cash Receipts from Issuance of Common Stock	$ 38,000
Payment of Long Term notes payable	$ (10,000)
Payment of Dividends	$ (9,000)
Net Cash Provided by Financing activities		$ 19,000

Net Cash Flows		$ 22,000
Add: Beginning Cash Balance		$ 21,000
Ending Cash Balance		$ 43,000

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Answer 2

Textbook Question

Chapter 3, Problem 3.4.1P

Statement of cash flows
Data for San Mateo Health Care for January are provided in Problems 3-1, 3-2, and 3-3.
Instructions

Prepare a statement of cash flows for January.

Expert Solution & Answer

To determine

Concept Introduction:

Cash Flow statement:

The Cash flow statement shows the movement of cash during a particular period. The Cash flows are categorized into three categories as follows:

Cash flows from operating activities
Cash Flows from investing activities
Cash flows from financing activities

(Note: Cash flows from operating activities can be prepared using direct or indirect method)

To Prepare:

The Cash Flow Statement

Answer to Problem 3.4.1P

The Cash Flow Statement is as follows:

Statement of Cash Flows-Direct Method

Cash flow from Operating activities:

Collection from Customers	$ 246,000
Payments to Suppliers	$(116,000)
Payments to Employees	$ (51,000)
Payment of Income tax	$ (7,500)
Interest Expense	$ (2,500)
Dividend Revenue	$ 7,000
Net Cash Provided by Operating activities		$ 76,000

Cash flow from Investing activities:
Cash Payment for Acquisition of Plant Assets	$(102,000)
Cash Receipts from Sale of Land	$ 29,000
Net Cash Used by Investing activities		$(73,000)

Cash flow from Financing activities:
Cash Receipts from Issuance of Common Stock	$ 38,000
Payment of Long Term notes payable	$ (10,000)
Payment of Dividends	$ (9,000)
Net Cash Provided by Financing activities		$ 19,000

Net Cash Flows		$ 22,000
Add: Beginning Cash Balance		$ 21,000
Ending Cash Balance		$ 43,000

The Cash Flow Statement is prepared as follows:

Statement of Cash Flows-Direct Method

Cash flow from Operating activities:

Collection from Customers (233000+13000)	$ 246,000
Payments to Suppliers (104000+12000)	$(116,000)
Payments to Employees (48000+3000)	$ (51,000)
Payment of Income tax	$ (7,500)
Interest Expense	$ (2,500)
Dividend Revenue	$ 7,000
Net Cash Provided by Operating activities		$ 76,000

Cash flow from Investing activities:
Cash Payment for Acquisition of Plant Assets	$(102,000)
Cash Receipts from Sale of Land	$ 29,000
Net Cash Used by Investing activities		$(73,000)

Cash flow from Financing activities:
Cash Receipts from Issuance of Common Stock	$ 38,000
Payment of Long Term notes payable	$ (10,000)
Payment of Dividends	$ (9,000)
Net Cash Provided by Financing activities		$ 19,000

Net Cash Flows		$ 22,000
Add: Beginning Cash Balance		$ 21,000
Ending Cash Balance		$ 43,000

Explanation of Solution

The Cash Flow Statement is prepared as follows:

Statement of Cash Flows-Direct Method

Cash flow from Operating activities:

Collection from Customers (233000+13000)	$ 246,000
Payments to Suppliers (104000+12000)	$(116,000)
Payments to Employees (48000+3000)	$ (51,000)
Payment of Income tax	$ (7,500)
Interest Expense	$ (2,500)
Dividend Revenue	$ 7,000
Net Cash Provided by Operating activities		$ 76,000

Cash flow from Investing activities:
Cash Payment for Acquisition of Plant Assets	$(102,000)
Cash Receipts from Sale of Land	$ 29,000
Net Cash Used by Investing activities		$(73,000)

Cash flow from Financing activities:
Cash Receipts from Issuance of Common Stock	$ 38,000
Payment of Long Term notes payable	$ (10,000)
Payment of Dividends	$ (9,000)
Net Cash Provided by Financing activities		$ 19,000

Net Cash Flows		$ 22,000
Add: Beginning Cash Balance		$ 21,000
Ending Cash Balance		$ 43,000

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Answer 3

Textbook Question

Chapter 3, Problem 3.4.1P

Statement of cash flows
Data for San Mateo Health Care for January are provided in Problems 3-1, 3-2, and 3-3.
Instructions

Prepare a statement of cash flows for January.

Expert Solution & Answer

To determine

Concept Introduction:

Cash Flow statement:

The Cash flow statement shows the movement of cash during a particular period. The Cash flows are categorized into three categories as follows:

Cash flows from operating activities
Cash Flows from investing activities
Cash flows from financing activities

(Note: Cash flows from operating activities can be prepared using direct or indirect method)

To Prepare:

The Cash Flow Statement

Answer to Problem 3.4.1P

The Cash Flow Statement is as follows:

Statement of Cash Flows-Direct Method

Cash flow from Operating activities:

Collection from Customers	$ 246,000
Payments to Suppliers	$(116,000)
Payments to Employees	$ (51,000)
Payment of Income tax	$ (7,500)
Interest Expense	$ (2,500)
Dividend Revenue	$ 7,000
Net Cash Provided by Operating activities		$ 76,000

Cash flow from Investing activities:
Cash Payment for Acquisition of Plant Assets	$(102,000)
Cash Receipts from Sale of Land	$ 29,000
Net Cash Used by Investing activities		$(73,000)

Cash flow from Financing activities:
Cash Receipts from Issuance of Common Stock	$ 38,000
Payment of Long Term notes payable	$ (10,000)
Payment of Dividends	$ (9,000)
Net Cash Provided by Financing activities		$ 19,000

Net Cash Flows		$ 22,000
Add: Beginning Cash Balance		$ 21,000
Ending Cash Balance		$ 43,000

The Cash Flow Statement is prepared as follows:

Statement of Cash Flows-Direct Method

Cash flow from Operating activities:

Collection from Customers (233000+13000)	$ 246,000
Payments to Suppliers (104000+12000)	$(116,000)
Payments to Employees (48000+3000)	$ (51,000)
Payment of Income tax	$ (7,500)
Interest Expense	$ (2,500)
Dividend Revenue	$ 7,000
Net Cash Provided by Operating activities		$ 76,000

Cash flow from Investing activities:
Cash Payment for Acquisition of Plant Assets	$(102,000)
Cash Receipts from Sale of Land	$ 29,000
Net Cash Used by Investing activities		$(73,000)

Cash flow from Financing activities:
Cash Receipts from Issuance of Common Stock	$ 38,000
Payment of Long Term notes payable	$ (10,000)
Payment of Dividends	$ (9,000)
Net Cash Provided by Financing activities		$ 19,000

Net Cash Flows		$ 22,000
Add: Beginning Cash Balance		$ 21,000
Ending Cash Balance		$ 43,000

Explanation of Solution

The Cash Flow Statement is prepared as follows:

Statement of Cash Flows-Direct Method

Cash flow from Operating activities:

Collection from Customers (233000+13000)	$ 246,000
Payments to Suppliers (104000+12000)	$(116,000)
Payments to Employees (48000+3000)	$ (51,000)
Payment of Income tax	$ (7,500)
Interest Expense	$ (2,500)
Dividend Revenue	$ 7,000
Net Cash Provided by Operating activities		$ 76,000

Cash flow from Investing activities:
Cash Payment for Acquisition of Plant Assets	$(102,000)
Cash Receipts from Sale of Land	$ 29,000
Net Cash Used by Investing activities		$(73,000)

Cash flow from Financing activities:
Cash Receipts from Issuance of Common Stock	$ 38,000
Payment of Long Term notes payable	$ (10,000)
Payment of Dividends	$ (9,000)
Net Cash Provided by Financing activities		$ 19,000

Net Cash Flows		$ 22,000
Add: Beginning Cash Balance		$ 21,000
Ending Cash Balance		$ 43,000

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Answer 4

Textbook Question

Chapter 3, Problem 3.4.1P

Statement of cash flows
Data for San Mateo Health Care for January are provided in Problems 3-1, 3-2, and 3-3.
Instructions

Prepare a statement of cash flows for January.

Expert Solution & Answer

To determine

Concept Introduction:

Cash Flow statement:

The Cash flow statement shows the movement of cash during a particular period. The Cash flows are categorized into three categories as follows:

Cash flows from operating activities
Cash Flows from investing activities
Cash flows from financing activities

(Note: Cash flows from operating activities can be prepared using direct or indirect method)

To Prepare:

The Cash Flow Statement

Answer to Problem 3.4.1P

The Cash Flow Statement is as follows:

Statement of Cash Flows-Direct Method

Cash flow from Operating activities:

Collection from Customers	$ 246,000
Payments to Suppliers	$(116,000)
Payments to Employees	$ (51,000)
Payment of Income tax	$ (7,500)
Interest Expense	$ (2,500)
Dividend Revenue	$ 7,000
Net Cash Provided by Operating activities		$ 76,000

Cash flow from Investing activities:
Cash Payment for Acquisition of Plant Assets	$(102,000)
Cash Receipts from Sale of Land	$ 29,000
Net Cash Used by Investing activities		$(73,000)

Cash flow from Financing activities:
Cash Receipts from Issuance of Common Stock	$ 38,000
Payment of Long Term notes payable	$ (10,000)
Payment of Dividends	$ (9,000)
Net Cash Provided by Financing activities		$ 19,000

Net Cash Flows		$ 22,000
Add: Beginning Cash Balance		$ 21,000
Ending Cash Balance		$ 43,000

The Cash Flow Statement is prepared as follows:

Statement of Cash Flows-Direct Method

Cash flow from Operating activities:

Collection from Customers (233000+13000)	$ 246,000
Payments to Suppliers (104000+12000)	$(116,000)
Payments to Employees (48000+3000)	$ (51,000)
Payment of Income tax	$ (7,500)
Interest Expense	$ (2,500)
Dividend Revenue	$ 7,000
Net Cash Provided by Operating activities		$ 76,000

Cash flow from Investing activities:
Cash Payment for Acquisition of Plant Assets	$(102,000)
Cash Receipts from Sale of Land	$ 29,000
Net Cash Used by Investing activities		$(73,000)

Cash flow from Financing activities:
Cash Receipts from Issuance of Common Stock	$ 38,000
Payment of Long Term notes payable	$ (10,000)
Payment of Dividends	$ (9,000)
Net Cash Provided by Financing activities		$ 19,000

Net Cash Flows		$ 22,000
Add: Beginning Cash Balance		$ 21,000
Ending Cash Balance		$ 43,000

Explanation of Solution

The Cash Flow Statement is prepared as follows:

Statement of Cash Flows-Direct Method

Cash flow from Operating activities:

Collection from Customers (233000+13000)	$ 246,000
Payments to Suppliers (104000+12000)	$(116,000)
Payments to Employees (48000+3000)	$ (51,000)
Payment of Income tax	$ (7,500)
Interest Expense	$ (2,500)
Dividend Revenue	$ 7,000
Net Cash Provided by Operating activities		$ 76,000

Cash flow from Investing activities:
Cash Payment for Acquisition of Plant Assets	$(102,000)
Cash Receipts from Sale of Land	$ 29,000
Net Cash Used by Investing activities		$(73,000)

Cash flow from Financing activities:
Cash Receipts from Issuance of Common Stock	$ 38,000
Payment of Long Term notes payable	$ (10,000)
Payment of Dividends	$ (9,000)
Net Cash Provided by Financing activities		$ 19,000

Net Cash Flows		$ 22,000
Add: Beginning Cash Balance		$ 21,000
Ending Cash Balance		$ 43,000

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Answer 5

Textbook Question

Answer 6

Textbook Question

Answer 7

Expert Solution & Answer

To determine

Concept Introduction:

Cash Flow statement:

The Cash flow statement shows the movement of cash during a particular period. The Cash flows are categorized into three categories as follows:

Cash flows from operating activities
Cash Flows from investing activities
Cash flows from financing activities

(Note: Cash flows from operating activities can be prepared using direct or indirect method)

To Prepare:

The Cash Flow Statement

Answer to Problem 3.4.1P

The Cash Flow Statement is as follows:

Statement of Cash Flows-Direct Method

Cash flow from Operating activities:

Collection from Customers	$ 246,000
Payments to Suppliers	$(116,000)
Payments to Employees	$ (51,000)
Payment of Income tax	$ (7,500)
Interest Expense	$ (2,500)
Dividend Revenue	$ 7,000
Net Cash Provided by Operating activities		$ 76,000

Cash flow from Investing activities:
Cash Payment for Acquisition of Plant Assets	$(102,000)
Cash Receipts from Sale of Land	$ 29,000
Net Cash Used by Investing activities		$(73,000)

Cash flow from Financing activities:
Cash Receipts from Issuance of Common Stock	$ 38,000
Payment of Long Term notes payable	$ (10,000)
Payment of Dividends	$ (9,000)
Net Cash Provided by Financing activities		$ 19,000

Net Cash Flows		$ 22,000
Add: Beginning Cash Balance		$ 21,000
Ending Cash Balance		$ 43,000

The Cash Flow Statement is prepared as follows:

Statement of Cash Flows-Direct Method

Cash flow from Operating activities:

Collection from Customers (233000+13000)	$ 246,000
Payments to Suppliers (104000+12000)	$(116,000)
Payments to Employees (48000+3000)	$ (51,000)
Payment of Income tax	$ (7,500)
Interest Expense	$ (2,500)
Dividend Revenue	$ 7,000
Net Cash Provided by Operating activities		$ 76,000

Cash flow from Investing activities:
Cash Payment for Acquisition of Plant Assets	$(102,000)
Cash Receipts from Sale of Land	$ 29,000
Net Cash Used by Investing activities		$(73,000)

Cash flow from Financing activities:
Cash Receipts from Issuance of Common Stock	$ 38,000
Payment of Long Term notes payable	$ (10,000)
Payment of Dividends	$ (9,000)
Net Cash Provided by Financing activities		$ 19,000

Net Cash Flows		$ 22,000
Add: Beginning Cash Balance		$ 21,000
Ending Cash Balance		$ 43,000

Explanation of Solution

The Cash Flow Statement is prepared as follows:

Statement of Cash Flows-Direct Method

Cash flow from Operating activities:

Collection from Customers (233000+13000)	$ 246,000
Payments to Suppliers (104000+12000)	$(116,000)
Payments to Employees (48000+3000)	$ (51,000)
Payment of Income tax	$ (7,500)
Interest Expense	$ (2,500)
Dividend Revenue	$ 7,000
Net Cash Provided by Operating activities		$ 76,000

Cash flow from Investing activities:
Cash Payment for Acquisition of Plant Assets	$(102,000)
Cash Receipts from Sale of Land	$ 29,000
Net Cash Used by Investing activities		$(73,000)

Cash flow from Financing activities:
Cash Receipts from Issuance of Common Stock	$ 38,000
Payment of Long Term notes payable	$ (10,000)
Payment of Dividends	$ (9,000)
Net Cash Provided by Financing activities		$ 19,000

Net Cash Flows		$ 22,000
Add: Beginning Cash Balance		$ 21,000
Ending Cash Balance		$ 43,000

Answer 8

Expert Solution & Answer

To determine

Concept Introduction:

Cash Flow statement:

The Cash flow statement shows the movement of cash during a particular period. The Cash flows are categorized into three categories as follows:

Cash flows from operating activities
Cash Flows from investing activities
Cash flows from financing activities

(Note: Cash flows from operating activities can be prepared using direct or indirect method)

To Prepare:

The Cash Flow Statement

Answer to Problem 3.4.1P

The Cash Flow Statement is as follows:

Statement of Cash Flows-Direct Method

Cash flow from Operating activities:

Collection from Customers	$ 246,000
Payments to Suppliers	$(116,000)
Payments to Employees	$ (51,000)
Payment of Income tax	$ (7,500)
Interest Expense	$ (2,500)
Dividend Revenue	$ 7,000
Net Cash Provided by Operating activities		$ 76,000

Cash flow from Investing activities:
Cash Payment for Acquisition of Plant Assets	$(102,000)
Cash Receipts from Sale of Land	$ 29,000
Net Cash Used by Investing activities		$(73,000)

Cash flow from Financing activities:
Cash Receipts from Issuance of Common Stock	$ 38,000
Payment of Long Term notes payable	$ (10,000)
Payment of Dividends	$ (9,000)
Net Cash Provided by Financing activities		$ 19,000

Net Cash Flows		$ 22,000
Add: Beginning Cash Balance		$ 21,000
Ending Cash Balance		$ 43,000

The Cash Flow Statement is prepared as follows:

Statement of Cash Flows-Direct Method

Cash flow from Operating activities:

Collection from Customers (233000+13000)	$ 246,000
Payments to Suppliers (104000+12000)	$(116,000)
Payments to Employees (48000+3000)	$ (51,000)
Payment of Income tax	$ (7,500)
Interest Expense	$ (2,500)
Dividend Revenue	$ 7,000
Net Cash Provided by Operating activities		$ 76,000

Cash flow from Investing activities:
Cash Payment for Acquisition of Plant Assets	$(102,000)
Cash Receipts from Sale of Land	$ 29,000
Net Cash Used by Investing activities		$(73,000)

Cash flow from Financing activities:
Cash Receipts from Issuance of Common Stock	$ 38,000
Payment of Long Term notes payable	$ (10,000)
Payment of Dividends	$ (9,000)
Net Cash Provided by Financing activities		$ 19,000

Net Cash Flows		$ 22,000
Add: Beginning Cash Balance		$ 21,000
Ending Cash Balance		$ 43,000

Explanation of Solution

The Cash Flow Statement is prepared as follows:

Statement of Cash Flows-Direct Method

Cash flow from Operating activities:

Collection from Customers (233000+13000)	$ 246,000
Payments to Suppliers (104000+12000)	$(116,000)
Payments to Employees (48000+3000)	$ (51,000)
Payment of Income tax	$ (7,500)
Interest Expense	$ (2,500)
Dividend Revenue	$ 7,000
Net Cash Provided by Operating activities		$ 76,000

Cash flow from Investing activities:
Cash Payment for Acquisition of Plant Assets	$(102,000)
Cash Receipts from Sale of Land	$ 29,000
Net Cash Used by Investing activities		$(73,000)

Cash flow from Financing activities:
Cash Receipts from Issuance of Common Stock	$ 38,000
Payment of Long Term notes payable	$ (10,000)
Payment of Dividends	$ (9,000)
Net Cash Provided by Financing activities		$ 19,000

Net Cash Flows		$ 22,000
Add: Beginning Cash Balance		$ 21,000
Ending Cash Balance		$ 43,000

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

To determine

Concept Introduction:

Cash Flow statement:

The Cash flow statement shows the movement of cash during a particular period. The Cash flows are categorized into three categories as follows:

Cash flows from operating activities
Cash Flows from investing activities
Cash flows from financing activities

(Note: Cash flows from operating activities can be prepared using direct or indirect method)

To Prepare:

The Cash Flow Statement

Answer 12

Answer to Problem 3.4.1P

The Cash Flow Statement is as follows:

Statement of Cash Flows-Direct Method

Cash flow from Operating activities:

Collection from Customers	$ 246,000
Payments to Suppliers	$(116,000)
Payments to Employees	$ (51,000)
Payment of Income tax	$ (7,500)
Interest Expense	$ (2,500)
Dividend Revenue	$ 7,000
Net Cash Provided by Operating activities		$ 76,000

Cash flow from Investing activities:
Cash Payment for Acquisition of Plant Assets	$(102,000)
Cash Receipts from Sale of Land	$ 29,000
Net Cash Used by Investing activities		$(73,000)

Cash flow from Financing activities:
Cash Receipts from Issuance of Common Stock	$ 38,000
Payment of Long Term notes payable	$ (10,000)
Payment of Dividends	$ (9,000)
Net Cash Provided by Financing activities		$ 19,000

Net Cash Flows		$ 22,000
Add: Beginning Cash Balance		$ 21,000
Ending Cash Balance		$ 43,000

The Cash Flow Statement is prepared as follows:

Statement of Cash Flows-Direct Method

Cash flow from Operating activities:

Collection from Customers (233000+13000)	$ 246,000
Payments to Suppliers (104000+12000)	$(116,000)
Payments to Employees (48000+3000)	$ (51,000)
Payment of Income tax	$ (7,500)
Interest Expense	$ (2,500)
Dividend Revenue	$ 7,000
Net Cash Provided by Operating activities		$ 76,000

Cash flow from Investing activities:
Cash Payment for Acquisition of Plant Assets	$(102,000)
Cash Receipts from Sale of Land	$ 29,000
Net Cash Used by Investing activities		$(73,000)

Cash flow from Financing activities:
Cash Receipts from Issuance of Common Stock	$ 38,000
Payment of Long Term notes payable	$ (10,000)
Payment of Dividends	$ (9,000)
Net Cash Provided by Financing activities		$ 19,000

Net Cash Flows		$ 22,000
Add: Beginning Cash Balance		$ 21,000
Ending Cash Balance		$ 43,000

Answer 13

Explanation of Solution

The Cash Flow Statement is prepared as follows:

Statement of Cash Flows-Direct Method

Cash flow from Operating activities:

Collection from Customers (233000+13000)	$ 246,000
Payments to Suppliers (104000+12000)	$(116,000)
Payments to Employees (48000+3000)	$ (51,000)
Payment of Income tax	$ (7,500)
Interest Expense	$ (2,500)
Dividend Revenue	$ 7,000
Net Cash Provided by Operating activities		$ 76,000

Cash flow from Investing activities:
Cash Payment for Acquisition of Plant Assets	$(102,000)
Cash Receipts from Sale of Land	$ 29,000
Net Cash Used by Investing activities		$(73,000)

Cash flow from Financing activities:
Cash Receipts from Issuance of Common Stock	$ 38,000
Payment of Long Term notes payable	$ (10,000)
Payment of Dividends	$ (9,000)
Net Cash Provided by Financing activities		$ 19,000

Net Cash Flows		$ 22,000
Add: Beginning Cash Balance		$ 21,000
Ending Cash Balance		$ 43,000

Answer 14

Ch. 3 - Assume that a lawyer bills her clients $15000 on...Ch. 3 - On January 24, 20Y8, Niche Consulting collected...Ch. 3 - Prob. 3SEQ Ch. 3 - If the supplies account indicated a balance of...Ch. 3 - The balance in the unearned rent account for Jones...Ch. 3 - Would AT&T and Microsoft Use the cash basis or the...Ch. 3 - How are revenues and expenses reported on the...Ch. 3 - Fees for services provided are billed to a...Ch. 3 - Employees performed services in 20Y8, but the...Ch. 3 - Prob. 5CDQ

Statement of cash flows Data for San Mateo Health Care for January are provided in Problems 3-1, 3-2, and 3-3. Instructions Prepare a statement of cash flows for January.

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