1 4 points The chief accountant for Grandview Corporation provides you with the company's 2024 statement...

Transcribed Image Text:

1 4 points The chief accountant for Grandview Corporation provides you with the company's 2024 statement of cash flows and income statement. The accountant has asked for your help with some missing figures in the company's comparative balance sheets. These financial statements are shown next ($ in millions). GRANDVIEW CORPORATION Statement of Cash Flows For the Year Ended December 31, 2024) 02:49:22 Cash Flows from Operating Activities Collections from customers Mc Payment to suppliers. Payment of general and administrative expense Payment of income taxes Net cash flows from operating activities Cash Flows from Investing Activities: Sale of investments Cash Flows from Financing Activities: Issuance of common stock Payment of dividends Net cash flows from financing activities. Net increase in cash GRANDVIEW CORPORATION Income Statement For the Year Ended December 31, 2024 Sales revenue 6112 Cost of goods sold i 40 Gross profit 72 Operating expenses: General and administrative expense Depreciation expense $ 26 18 Total operating expenses 44 Operating income Other incomes Gain on sale of investments 28. 18 $101 (40) (26) (17) 18 73 13. (33) 10 101 Dra Minut 1 4 points The chief accountant for Grandview Corporation provides you with the company's 2024 statement of cash flows and income statement. The accountant has asked for your help with some missing figures in the company's comparative balance sheets. These financial statements are shown next ($ in millions). GRANDVIEW CORPORATION Statement of Cash Flows For the Year Ended December 31, 2024) 02:49:22 Cash Flows from Operating Activities Collections from customers Mc Payment to suppliers. Payment of general and administrative expense Payment of income taxes Net cash flows from operating activities Cash Flows from Investing Activities: Sale of investments Cash Flows from Financing Activities: Issuance of common stock Payment of dividends Net cash flows from financing activities. Net increase in cash GRANDVIEW CORPORATION Income Statement For the Year Ended December 31, 2024 Sales revenue 6112 Cost of goods sold i 40 Gross profit 72 Operating expenses: General and administrative expense Depreciation expense $ 26 18 Total operating expenses 44 Operating income Other incomes Gain on sale of investments 28. 18 $101 (40) (26) (17) 18 73 13. (33) 10 101 Dra Minut