Below is an income statement for Boulder Hill, Inc., for the year ended December 31, 2012, and
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The prepaid expenses and accrued liabilities included in Boulder Hills balance sheets involve selling or general (operating) expenses. All of Boulder Hills sales and merchandise purchases are made on a credit basis.
Required
Determine the following amounts:
a. Cash spent on new equipment ______.
b. Net amount of investing cash flows ______.
c. Cash received from issuing stock ______.
d. Cash paid to suppliers of inventory ______.
e. Cash paid for selling and general expenses ______.
f. Cash received from the sale of land ______.
g. Cash received from the sale of equipment ______.
h. Cash received from customers ______.
i. Cash paid for dividends ______.
j. Net amount of operating cash flows ______.
k. Net amount of financing cash flows ______.
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