The accounting staff of High tech manufacturer has assembled the following information for the year ended December 31,2019 Cash sales Credit sales Collection on accounts receivables Cash transferred from money market fund to bank account Interest and dividend received Purchases Payment on account payable to merchandise supplier Cash payment to operating expenses Interest paid Income tax paid Loan made to borrower Collection on loans Cash paid to acquire plant asset Book value of plant asset sold Loss on sale of plant asset Proceeds from issuing bond payable Dividend paid | Cash and cash equivalents, Jan 1 800,000 2,500,000 2,200,000 250,000 100,000 1,800,000 1,500,000 1,050,000 180,000 95,000 500,000 260,000 3,100,000 660,000 80,000 2,500,000 120,000 489,000 Instructions You are required to determine the amount of cash provided by or used for operating activities

The accounting staff of High tech manufacturer has assembled the following information for the year ended December 31,2019 Cash sales Credit sales Collection on accounts receivables Cash transferred from money market fund to bank account Interest and dividend received Purchases Payment on account payable to merchandise supplier Cash payment to operating expenses Interest paid Income tax paid Loan made to borrower Collection on loans Cash paid to acquire plant asset Book value of plant asset sold Loss on sale of plant asset Proceeds from issuing bond payable Dividend paid | Cash and cash equivalents, Jan 1 800,000 2,500,000 2,200,000 250,000 100,000 1,800,000 1,500,000 1,050,000 180,000 95,000 500,000 260,000 3,100,000 660,000 80,000 2,500,000 120,000 489,000 Instructions You are required to determine the amount of cash provided by or used for operating activities

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter9: Long-term Liabilities

Section: Chapter Questions

Problem 89E: Ratio Analysis Rising Stars Academy provided the following information on its 2019 balance sheet and...

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