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Using the data in the tables below, compute Net Cash Flow from Financing Activities for Eureka Ruby, Inc. for Year 2: Eureka Ruby, Incorporated Balance Sheets for the Years Ending December 31, (All amounts are in dollars) Cash Accounts receivable Inventory Total current assets Net fixed assets" Land Total assets Notes payable Accounts payable Accruals Current portion of LT Debt Total current liabilities Long-term debt Common stock Capital surplus Retained earnings Total liabilities and equity Year 1 14,860 267,480 118,880 401,220 965,900 118,880 1,486,000 74,300 178,320 44,580 193,180 490,380 460,660 44,580 178,320 312,060 1,486.000 Year 2 15,050 240,800 150,500 406,350 978,250 120,400 1,505,000 60,200 150,500 60.200 210,700 481,600 466,550 60,200 195,650 301,000 1,505,000 Additional Data from Company Income Statement(s): • Sales in Year 2 = 4,171,000 • Net income in Year 2 = 15,940 • Depreciation expense in Year 1 = 255,550 • Depreciation expense in Year 2 = 294,790 Record your answer as a dollar amount with no decimal places, but do not record a dollar sign or any commas. For example, record $10,280.38 as 10280. If your answer is a negative amount, put a hyphen before the number with no space between the number and the hyphen. For example, record negative 38 as -38.

Using the data in the tables below, compute Net Cash Flow from Financing Activities for Eureka Ruby, Inc. for Year 2: Eureka Ruby, Incorporated Balance Sheets for the Years Ending December 31, (All amounts are in dollars) Cash Accounts receivable Inventory Total current assets Net fixed assets" Land Total assets Notes payable Accounts payable Accruals Current portion of LT Debt Total current liabilities Long-term debt Common stock Capital surplus Retained earnings Total liabilities and equity Year 1 14,860 267,480 118,880 401,220 965,900 118,880 1,486,000 74,300 178,320 44,580 193,180 490,380 460,660 44,580 178,320 312,060 1,486.000 Year 2 15,050 240,800 150,500 406,350 978,250 120,400 1,505,000 60,200 150,500 60.200 210,700 481,600 466,550 60,200 195,650 301,000 1,505,000 Additional Data from Company Income Statement(s): • Sales in Year 2 = 4,171,000 • Net income in Year 2 = 15,940 • Depreciation expense in Year 1 = 255,550 • Depreciation expense in Year 2 = 294,790 Record your answer as a dollar amount with no decimal places, but do not record a dollar sign or any commas. For example, record $10,280.38 as 10280. If your answer is a negative amount, put a hyphen before the number with no space between the number and the hyphen. For example, record negative 38 as -38.

Financial Accounting: The Impact on Decision Makers
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
Chapter12: The Statement Of Cash Flows
Section: Chapter Questions
Problem 12.24MCE
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Using the data in the tables below, compute Net Cash Flow from Financing Activities for Eureka Ruby, Inc. for Year 2: Eureka Ruby, Incorporated Balance Sheets for the Years Ending December 31. (All amounts are in dollars) Cash Accounts receivable Inventory Total current assets Net fixed assets" Land Total assets Notes payable Accounts payable Accruals Current portion of LT Debt Total current liabilities Long-term debt Common stock Capital surplus Retained earnings Total liabilities and equity Year 1 14,860 267,480 118.880 401,220 965,900 118,880 1,486,000 74,300 178,320 44,580 193,180 490,380 460,660 44,580 178,320 312,060 1,486,000 Year 2 15,050 240,800 150,500 406,350 978,250 120,400 1,505,000 60,200 150,500 60,200 210,700 481,600 466,550 60,200 195,650 301,000 1,505,000 Additional Data from Company Income Statement(s): • Sales in Year 2 = 4,171,000 • Net income in Year 2 = 15,940 • Depreciation expense in Year 1 = 255,550 • Depreciation expense in Year 2 = 294,790 Record your answer as a dollar amount with no decimal places, but do not record a dollar sign or any commas. For example, record $10,280.38 as 10280. If your answer is a negative amount, put a hyphen before the number with no space between the number and the hyphen. For example, record negative 38 as -38.
Transcribed Image Text:Using the data in the tables below, compute Net Cash Flow from Financing Activities for Eureka Ruby, Inc. for Year 2: Eureka Ruby, Incorporated Balance Sheets for the Years Ending December 31. (All amounts are in dollars) Cash Accounts receivable Inventory Total current assets Net fixed assets" Land Total assets Notes payable Accounts payable Accruals Current portion of LT Debt Total current liabilities Long-term debt Common stock Capital surplus Retained earnings Total liabilities and equity Year 1 14,860 267,480 118.880 401,220 965,900 118,880 1,486,000 74,300 178,320 44,580 193,180 490,380 460,660 44,580 178,320 312,060 1,486,000 Year 2 15,050 240,800 150,500 406,350 978,250 120,400 1,505,000 60,200 150,500 60,200 210,700 481,600 466,550 60,200 195,650 301,000 1,505,000 Additional Data from Company Income Statement(s): • Sales in Year 2 = 4,171,000 • Net income in Year 2 = 15,940 • Depreciation expense in Year 1 = 255,550 • Depreciation expense in Year 2 = 294,790 Record your answer as a dollar amount with no decimal places, but do not record a dollar sign or any commas. For example, record $10,280.38 as 10280. If your answer is a negative amount, put a hyphen before the number with no space between the number and the hyphen. For example, record negative 38 as -38.
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