hello... please answer this.. Condensed financial data of Stellar SA follow STEL

Question

hello... please answer this..

Condensed financial data of Stellar SA follow STELLAR SA Comparative Statements of Financial Position December 31 Assets Equipment Accumulated depreciation-equipment Long-term investments Prepaid expenses Inventony Accounts receivable Cash 2017 2016 265,310O 242,880 (47,730 )(52,410) 140,940 29,750 112,690 91,460 116,200 708,620 113,860 25,500 101,750 33,650 48,710 513,940 Total Equity and Liabilities Share capital-ordinary Retained earnings Bonds payable Accounts payable Accrued expenses payable 219,610 250,540 111,150 111,150 16,170 708,620 174,660 105,020 149,260 67,660 17,340 513,940 Total STELLAR SA Income Statement For the Year Ended December 31, 2017 Sales revenue 391,170 Gain on disposal of plant assets 4,530 395,700

Explanation / Answer

Cash flows from operating activities net income 172440 Adjustments to reconcile net income to net cash provided by operating activities decrease in accured expenses payable -1170 increase in inventory -10940 increase in accounts receivable -57810 Depreciation expense 45,420 Gain on disposal of plant assets -4530 increase in prepaid expense -4250 increase in accounts payable 43490 10,210 Net cash provided by operating activities 182650 Cash flows from investing activities purchase of Equipment -80,800 sale of Equipment 12800 purchase of long term investment -27080 net cash used by investing activities -95080 Cash flows from financing activities Redemption of bonds -38110 cash from stock issue 44950 cash dividend -26920 net cash used by financing activities -20080 Net increase in cash 67490 Cash at beginning of period 48710 cash at year end 116200

Related Questions

Navigate

• Browse (All)
• Browse H
• Subjects

---

---

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