137) Use the indirect method of preparing a statement of cash flows to answer the question.
Ending balances for Sunday Hut are listed below:
|
Item |
End of this year |
End of prior year |
|
Building |
$365,000 |
$0 |
|
Equipment |
111,000 |
0 |
|
Notes Payable |
39,000 |
33,000 |
|
Common Stock |
256,000 |
192,000 |
|
Paid-in Capital in Excess of Par/Common |
56,400 |
38,000 |
|
Retained Earnings |
231,000 |
174,000 |
Net income for this year was $97,000 and dividends of $24,000 were declared and paid this year.
What was the net cash used for investing activities?
138) Use the indirect method of preparing a statement of cash flows to answer the question.
Ending balances for Sunday Hut are listed below:
|
Item |
End of this year |
End of prior year |
|
Building |
$356,000 |
$0 |
|
Equipment |
111,000 |
0 |
|
Notes Payable |
39,000 |
33,000 |
|
Common Stock |
256,000 |
192,000 |
|
Paid-in Capital in Excess of Par/Common |
56,400 |
38,000 |
|
Retained Earnings |
231,000 |
174,000 |
Net income for this year was $97,000 and dividends of $24,000 were declared and paid this year.
What was the net cash inflow from financing activities?
139) Use the indirect method of preparing a statement of cash flows to answer the question.
Ending balances for Sunday Hut are listed below:
|
Item |
End of this year |
End of prior year |
|
Building |
$356,000 |
$0 |
|
Equipment |
111,000 |
0 |
|
Notes Payable |
39,000 |
33,000 |
|
Common Stock |
256,000 |
192,000 |
|
Paid-in Capital in Excess of Par/Common |
56,400 |
38,000 |
|
Retained Earnings |
231,000 |
174,000 |
Net income for this year was $97,000 and dividends of $24,000 were declared and paid this year.
What was the net cash provided by financing activities?
