Business, 10.03.2020 08:02 allieb12334

Statement of Cash Flows The following are several items involving Tejera Company's cash flow activities for 2019: Net income, $60,400 Receipt from issuance of common stock, $32,000 Payment for purchase of equipment, $41,500 Payment for purchase of land, $19,600 Depreciation expense, $20,500 Patent amortization expense, $1,200 Payment of dividends, $21,000 Decrease in salaries payable, $2,600 Increase in accounts receivable, $10,300 Beginning cash balance, $30,700 Required Prepare Tejera's statement of cash flows for 2019 using the indirect method. Use a minus sign for any negative amounts.

Answers: 2

Show answers

Answers

Answer from: amanquen35

Ending cash balance $49,800

Explanation:

Tejera Company's

Statement of Cash Flows

For the year ended December 31 2019

Net income $60,400

Cash Flow from operating activities

Depreciation expense $20,500

Patent amortization expense $1,200

Decrease in salaries payable ($2,600)

Increase in accounts receivable ($10,300)

$8,800

Cash flow provided by operating activities $69,200

Cash flow from investing activities

Payment for purchase of equipment ($41,500)

Payment for purchase of land ($19,600)

Net cash used by investing activities ($61,100)

Cash flow from Financing activities

Payment of dividends ($21,000)

Receipt from issuance of common stock $32,000

Net cash provided by financing activities $11,000

Net changes in cash $19,100

Beginning cash balance $30,700

Ending cash balance $49,800

Answer from: Quest

answer; ///they are able to see how many people have read or watched some part of a commercial;

Answer from: Quest

answer; /// the correct answer is (shared); /// good luck

Another question on Business

Business, 21.06.2019 15:50

Which one of the following is never part of recording the requisition and issuance of raw materials in a job order cost system? debit finished goods inventory debit manufacturing overhead credit raw materials inventory debit work in process

Answers: 2

Answer

Business, 21.06.2019 21:00

The plastic flowerpots company has two manufacturing departments, molding and packaging. at the beginning of the month, the molding department has 2,100 units in inventory, 70% complete as to materials. during the month, the molding department started 18,500 units. at the end of the month, the molding department had 3,150 units in ending inventory, 80% complete as to materials. units completed in the molding department are transferred into the packaging department. cost information for the molding department for the month follows: beginning work in process inventory (direct materials) $ 1,300 direct materials added during the month 28,900 using the weighted-average method, compute the molding department's (a) equivalent units of production for materials and (b) cost per equivalent unit of production for materials for the month. (round "cost per equivalent unit of production" to 2 decimal places.)

Answers: 1

Answer

Business, 21.06.2019 22:50

The following data pertains to activity and costs for two months: june july activity level in 10,000 12,000 direct materials $16,000 $ ? fixed factory rent 12,000 ? manufacturing overhead 10,000 ? total cost $38,000 $42,900 assuming that these activity levels are within the relevant range, the manufacturing overhead for july was: a) $10,000 b) $11,700 c) $19,000 d) $9,300

Answers: 2

Answer

Business, 22.06.2019 05:30

In most states, a licensee must provide a(n) of any existing agency relationships to all parties

Answers: 3

Answer

You know the right answer?

Statement of Cash Flows The following are several items involving Tejera Company's cash flow activit...

Questions