The company wishes to purchase a treadmill costing $5,500. Does the company have the cash needed to purchase a treadmill?. Cash from Operating ActivitiesNet IncomeInsurance ExpenseDepreciation ExpenseSupplies ExpenseRent expensePrepaid rentSalaries payableIncrease in Accounts ReceivableDecrease in Accounts PayableTotal cash from Operating ActivitiesCash from Investing Activities (equipment)Cash from Financing ActivitiesNet Increase in Cash$$$$$(1,000)(56)(2,200)(9,000)(3,000)$60,000$(6,000)$ (7,000)$ (51,256)$S(19,511)(1,000)30,0009,4894

Lets understand the basics.Cashflow statement gets divided into three main activities which are.(1)…

Answered: The company wishes to purchase a…

Cornerstones of Financial Accounting

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ISBN:9781337690881

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Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 27BE

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Assets Cash and cash equivalents Inventories Receivables (net) Taxes receivable (net) Due from General Fund Total assets Liabilities Accounts payable Due to Special Revenue Fund Total liabilities General Fund Revenue Fund $ 126,000 6,150 96,500 $ 12,500 7,700 Total $ 138,500 6,150 96,500 7,700 $ 228,650 $ 20,200 $ 248,850 86,550 4,000 7,700 90,550 7,700 94,250 4,000 98,250 6,150 6,150 16,200 16,200 128,250 128,250 134,400 16,200 150,600 Total liabilities and fund balance $ 228,650 $ 20,200 $ 248,850 Fund balance Nonspendable (inventories) Restricted for other purposes Unassigned Total fund balance Additional Information: a. Capital assets (net of accumulated depreciation) amounted to $326,500 at year-end. b. The liability for long-term compensated absences is estimated to be $87.075 at year-end. c. Long-term notes payable used to acquire equipment amounted to $223,250 at year-end. Requried: Prepare a combined Governmental Funds Balance Sheet or Statement of Net Position. Note: Amounts…
Smith Enterprises reports the following information: Net income Depreciation expense Increase in accounts payable Increase in accounts receivable $5240000 O $5790640. O $4063360. O $6416640. O $5240000. 712640 151000 313000 Smith should report cash provided by operating activities of
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Cash received from long-term notes payable Purchase of investments Cash dividends paid. Interest paid Financing Activities Compute cash flows from financing activities using the above company information. (Amounts to be deducted should be indicated by a minus sign.) Cash received from long-term notes payable Cash dividends paid Cash provided by financing activities $ 66,000 16,500 $ 52,800 26,400 66,000 (52,800) 13,200
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11 Compute Cash Flow from Operating Activities from the following details: Particulars Trade Receivables: Debtors CA Bills Receivable CA Trade Payables: Creditors CL Bills Payable CL L Expenses Outstanding Accrued Income CAT Depreciation on Fixed Assets No + Surplus, i.e., Balance in Statement of Profit & Loss 31st March, 2023 (R) 50,000 23,000 28,000 22,000 4,500 9,000 5,000 90,000 31st March 2022 ) 60,000 25,000 32,000 35,000 3,500 8,000 4,000 80,000
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