Table 3-1 Jones Company Financial Information December 2009 December 2010 Net In
ID: 2754940 • Letter: T
Question
Table 3-1
Jones Company
Financial Information
December 2009
December 2010
Net Income
$2,000
$4,000
Accounts receivable
750
950
Accumulated depreciation
1,000
1,500
Common stock
4,500
5000
Paid-in capital
7,500
8500
Retained earnings
1,500
3,500
Accounts payable
750
$4,000.
$4,950.
$5,800.
$5,500.
750
December 2009
December 2010
Net Income
$2,000
$4,000
Accounts receivable
750
950
Accumulated depreciation
1,000
1,500
Common stock
4,500
5000
Paid-in capital
7,500
8500
Retained earnings
1,500
3,500
Accounts payable
750
Based on the information in Table 3-1, the change in cash for 2010 is $4,000.
$4,950.
$5,800.
$5,500.
750
Explanation / Answer
A)Cash flow from operating activity Net Income $2,000 Add: Depn $1,500 Less: Account rec -$200 Less: Common Stock -$500 Cah flow from operating activety(A) $2,800 B)Cash flow from Financing Activity Paid in capital $1,000 Retained Earning $2,000 Cash flow from Financing Activity(B) $3,000 Total Cash flow(A+B) $5,800
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