Assume the following income statement and balance sheet information: Other information: All dividends were paid in cash.
Question:
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Other information: All dividends were paid in cash. The short-term investments will be converted to cash in 60 days. No gain or loss occurred when common shares were repurchased.
Required:
1. Calculate cash flow from operating activities.
2. Calculate the amount of dividends paid during the year.
3. Calculate cash flow used by financing activities.
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Cash flow from operating activities equals net income of 90 All revenue was received in cash ...View the full answer
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Related Book For 
Accounting Introduction To Financial Accounting
ISBN: 9781517089719
1st Edition
Authors: Henry Dauderis, David Annand
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