Compute the following items for the cash flow statement: 1. The beginning and ending Retained Earnings balances
Question:
Compute the following items for the cash flow statement:
1. The beginning and ending Retained Earnings balances are $47,000 and $71,000, respectively. Net income for the period is $93,000. How much are cash dividends?
2. The beginning and ending Plant Assets, Net, balances are $104,000 and $113,000, respectively. Depreciation for the period is $13,000, and acquisitions of new plant assets total $30,000. Plant assets were sold at a $6,000 loss. What were the cash proceeds of the sale?
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Req 1 Payment of cash dividends 47000 93000 71000 69000 Re...View the full answer
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Related Book For
Financial Accounting
ISBN: 978-0132889711
1st Canadian Edition
Authors: Jeffrey Waybright, Liang Hsuan Chen, Rhonda Pyper
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