Calculate cash from investments
Not what you're looking for?
"Use the following information to determine
cash from investing activities." Accounts Receivable ($5,000)
Cash $357,000
Inventory $213,000
Prepaid Expenses $25,000
Fixed Assets $463,000
Accumulated Depreciation ($213,000)
Accounts Payable $112,000
Accrued Expenses $30,000
Notes Payable $30,000
Bonds Payable $50,000
Common Stock $600,000
Net Income $55,000
Dividends Paid $7,000
Evergreen Inc. CCASH FROM OPERATING ACTIVITIES
Comparative Balance Sheets Net income $55,000
December 31, 2012 Add:
Depreciation ($213,000)
Assets 31/12/2012 31/12/2011 Decrease in prepaid expenses ($25,000)
Cash $357,000 $312,000 Decrease in accounts receivable $5,000
Accounts Receivable $80,000 $83,000 Increase in accounts payable $112,000 ($121,000)
Inventory $213,000 $199,000 Less:
Prepaid Expenses $25,000 $21,000 Increase in cash $357,000
Fixed Assets $463,000 $419,000 Increase in inventory $213,000
Accumulated Depreciation $(213,000) $(201,000) Decrease in accrued expenses ($30,000) $540,000
Total Assets $925,000 $833,000 Cash flows provided by operating activities ($606,000)
Liabilities & CASH FROM FINANCING ACTIVITIES
Stockholders' Equity Issuance of notes $133,000
Accounts Payable $112,000 $120,000 Repayment of bonds $50,000
Salaries Payable $30,000 $28,000 Cash dividends ($7,000)
Bonds Payable $50,000 $30,000 Issuance of common stocks $600,000
Common Stock $600,000 $570,000 Cash flows provided by financing activities $776,000
Retained Earnings $133,000 $85,000
Total Liabilities & $925,000 $833,000 CASH FROM INVESTING ACTIVITIES
Stockholders' Equity Purchase of fixed assets ($463,000)
Cash flows used by investing activities ($463,000)
Net increase (decrease) in cash and cash equivalents ($293,000)
463,000 133,000 330,000
Purchase this Solution
Solution Summary
The expert calculates cash from investments.
Purchase this Solution
Free BrainMass Quizzes
Motivation
This tests some key elements of major motivation theories.
Basics of corporate finance
These questions will test you on your knowledge of finance.
Introduction to Finance
This quiz test introductory finance topics.
Basic Social Media Concepts
The quiz will test your knowledge on basic social media concepts.
Marketing Research and Forecasting
The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.