Compute the following items for the cash flow statement: a. Beginning Retained Earnings......................................$120,000 Ending Retained Earnings..............................................160,000 Net

Question:

Compute the following items for the cash flow statement:
a. Beginning Retained Earnings......................................$120,000
Ending Retained Earnings..............................................160,000
Net income for the period...............................................150,000
Stock dividends............................................................65,000
Cash payments........................................................?
b. Beginning Property, Plant, and Equipment.................$320,000 net
Ending Property, Plant, and Equipment........................365,000 net
Amortization for the period............................................36,000
Acquisitions of new property, plant, and equipment..............104,000
Property, plant, and equipment was sold at an $8,000 loss.
What was the amount of the cash receipt from the sale?
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...