Salaries Payable25.00030,625Notes Payable31.25093.750Bonds Payable250.000Common Stock375,000375,000Retained Earnings410.0441224219Additional information for Year 2(1) Sold available for sale securities costings86,87S tor $92.500.(21 Equipment costing $25.000 with a book valueof $6.250 was sold for $7,500hsued 8% bonds at face value for $250.000.(4) Purchased new equipment for 1181.250 andpaid cash(5) Paid cash dividends of 525,000.6) Net incoene was s62.500.What is the net cash provided or used byinvesting activities?81250(01250)25750(27750) QUESTION 1Presented below are the comparative December31 financial statements for Dubai Industries, Inc.(in s Millions). Prepare a statement of canh flowesfor December 31. Year 2 using the indirectmethod.Dubai ladustries, IneBalance SheetsAL December 31. Year 2 andYear 1Year 2Year1Cash196,719$28,694Accounts Receivable100.00085.313Inventory206,250181.2501875Prepaid Insuranceland. Buldings, and2500EquipementAccumulated1,562.5001,406,250Depreciation(762,500)(715,000)InvestmentsTotal Assets19.3751062501224 212Accounts Payable$95,425$18SK

Investing activities is one of the important section of cash flows statement of the business, which…

Salaries Payable 25.000 30625 Notes Payable 31.20 91,750 Bends Payable 250.000 Common Sk 375.000 37500 Retained Earnings Additenal nformatin tor Year 2 D Seld vailable r sale securties coing S8N7S or 92.500 2 Equipment cosIng 000 wtha book value of .250 was sokd for 7500 hoed bends an face value fee s250.0o0n (0 Purchased new equipment for sIs1.250 and paid cas 5) Paid cash dividends of s25,000. 6 Net ineome was 562.500. What the net cash provided er used by investing activies? 81250 25750 (27750)

Salaries Payable 25.000 30625 Notes Payable 31.20 91,750 Bends Payable 250.000 Common Sk 375.000 37500 Retained Earnings Additenal nformatin tor Year 2 D Seld vailable r sale securties coing S8N7S or 92.500 2 Equipment cosIng 000 wtha book value of .250 was sokd for 7500 hoed bends an face value fee s250.0o0n (0 Purchased new equipment for sIs1.250 and paid cas 5) Paid cash dividends of s25,000. 6 Net ineome was 562.500. What the net cash provided er used by investing activies? 81250 25750 (27750)

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter3: The Adjusting Process

Section: Chapter Questions

Problem 6MAD

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