WileyPLUS Kine lel. Aocousting, 6e AC0Chaterswer la asignmen Your answer is part

Question

WileyPLUS Kine lel. Aocousting, 6e AC0Chaterswer la asignmen Your answer is partialy corrot. Try agan. nancal data of Bonita Inductrias tolow exencee 12-9 Exerce 12-5 Comperative Balance Sheets 92.928 ?97,472 209.29 9,000 99,840 216,000 264,960 oaviw Rasuts by Plant asets 1,310,400 8320 Accosts peyable 195,840 125,216 2120040,32 2112013600 Conmon stack Retained earnings 449,280 202,46 1,310,40 88320 Income Statemest Dat 45,843 Cost af goods sald Oporating exponses, oxduting dognooation Dep ecietion expense come tax 23,827 9,230 52,378 Loss an diagosol ofglat assets 4,400 449,050 Net incomme . Ne plant asses costing s192,030 were parchased for cash during tne ear. 2. Od piant a sets having an original cost of 118,400 and accumulated eepreciation of $93,120 mere . Dands payahe maturet and wert pald cf at faca value far cesh 4. A cash dMcend er $4,977 was declared and pad during eyear 6d for S2,880 cash. pere a uatament of Gash nawa using the ndna mehed. (Show amounts that decrease caab now witn ether ? . sign eg. -1 000 or 1, parentnesis eg. (1s,000 ef Cash lews

Explanation / Answer

Ans. Bonita Industries Statement of Cash Flow For the year ended December, 2017 Particulars Amt.($) Amt.($) Cash Flow from Operating Activities:     Net Income 296793 Add/Less: Adjustments for Non Cash Items     Deprecaition Expense 89280     Loss on sale of plant asset 14400 Operating Profit before working capital changes 400473     Increase in Accounts recievable -95616     Increase in Inventory -18528     Increase in Prepaid Expenses -4608     Increase in Accounts Payable 66624     Decrease in Accrued Expenses Payable -8640 Net cash provided by Operating Activities 339705 Cash Flow from Investing Activities:     Purchase of Investments -55680     Purschase of Plant Assets -192000     Sale of Plant Assets 2880 Net Cash Used in Investing Activities -244800 Cash Flow from Financing Activities:     Repayment of Bonds -69120     Sale of Common Stock 86400     Payment of Cash Dividends -49977 Net Cash Used in Financing Activities -32697 Net Increase/(Decrease) in Cash and Cash Equivaents 62208 Add: Cash and Cash Equivalents at begining 92928 Cash and Cash Equivalents at the End 155136

Related Questions

Navigate

• Browse (All)
• Browse W
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.