(Learning Objectives 4, 5: Computing investing and fi nancing amounts for the statement of cash fl ows)...
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(Learning Objectives 4, 5: Computing investing and fi nancing amounts for the statement of cash fl ows) Compute the following items for the statement of cash fl ows:
a. Beginning and ending PPE, Net, are $110,000 and $106,000, respectively. Depreciation for the period was $9,000, and purchases of new PPE were $33,000. PPE were sold at a $4,000 loss. What were the cash proceeds of the sale?
b. Beginning and ending Retained Earnings are $49,000 and $74,000, respectively. Net income for the period was $58,000, and dividends were $7,000. How much were cash dividends?
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Related Book For 
Financial Accounting International Financial Reporting Standards
ISBN: 9780273777809
1st Global Edition
Authors: Walter T Harrison, Charles Horngren, Bill Thomas, Themin Suwardy
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