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WileyPLUS - Mozilla Firefox WileyPLUS XC Accounting question | Chegg.c x + https//edugen.wileyplus.com/edugen/ti/main.uni 80% * a. Search Return to Blackboard Kimmel, Financial Accounting, Seventh Canadian Edition Helr I PRINTER VERSTON Brief Exercise 13-9 LAB #8 Wildhorse Corporation reported the following information (in thousands) at December 31, 20181 2018 2017 Bie Fersis 1.ankoan payable-curens en potion 500 260 s15 $ 5 240 240 Brief Exercizs 13-2 Bank loan pey ble-non-current portion 500 260 Common shares Retained earning 760 10 Review Results by Study Objective 1. The bank loan wa incresed by additional borrowings of $320 to partelly finance the purchase of new equipment that cost $500. The bank loan was decreased by repayments 2. Common shares wera issued during the year. None were reacquirad 3. Dividends were paid during the year. 4. Net income for the year was S500 Prepare the financing activities section of wildhorse 's statement of cash flows for the year. (Show amounts that decrease cash flow with either a sign a.g. -15,000 or in parenthesis e.g. (15,000).) WILDHORSE Statement of Cash Flows (Partial) CORPORATION activities ? Mozilla Firefox seems slow to start. Leam How to Speed It Up Don't Tell Me gain X 958 PM O Type here to search ENG 2018-03-292

Explanation / Answer

before preparing cash flow statements, we need to calculate dividend paid during the period.

Now, we can prepare partial cash flow statement.

Retained earnings 2017 $   510 Add: Net income $   500 Less: Retained earnings 2018 $ (760) Dividend declared $   250

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