Cash and cash equivalents, Jan. 1. . $ 35,800 Cash and cash equivalents, Dec. 31 74,800 Cash paid to acquire plant assets . Proceeds from short-term borrowing 21,000 10,000 Loans made to borrowers 5,000 Collections on loans (excluding interest). 4,000 Interest and dividends received . 27,000 Cash received from customers 795,000 Proceeds from sales of plant assets 9,000 Dividends paid 55,000 Cash paid to suppliers and employees 635,000 Interest paid . 19,000 Income taxes paid 71,000
Cash and cash equivalents, Jan. 1. . $ 35,800 Cash and cash equivalents, Dec. 31 74,800 Cash paid to acquire plant assets . Proceeds from short-term borrowing 21,000 10,000 Loans made to borrowers 5,000 Collections on loans (excluding interest). 4,000 Interest and dividends received . 27,000 Cash received from customers 795,000 Proceeds from sales of plant assets 9,000 Dividends paid 55,000 Cash paid to suppliers and employees 635,000 Interest paid . 19,000 Income taxes paid 71,000
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter6: Cash And Internal Control
Section: Chapter Questions
Problem 6.2E
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The accounting staff of Corny, Inc., has assembled the following information for the year ended December 31, 2011:
Using this information, prepare a statement of
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