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1.) Fill in The Blanks a.) Repayment of Mortage Payable:________ Net Cash Used by Financing Activities: _________ b.) Net Cash provided by operating activities:_________ Additional
1.) Fill in The Blanks
a.)
Repayment of Mortage Payable:________
Net Cash Used by Financing Activities: _________
b.)
Net Cash provided by operating activities:_________
Additional information: 1. Principal payments on the mortgage payable were $29,500. 2. A building was purchased for $590,000 by paying $236,000 cash and signing a mortgage note payable for the balance 3. Profit for the year was $171,100. Assuming the company reports under ASPE and all dividends have been paid. prepare the financing activities section of the cash flow statement. (Show amounts that decrease cash flow with either a - sign e.g-15,000 or in porenthesis es (15,000) ) Note X-During the year, the company acquired a building with a cost of $ by paying $ cash and incurring a mortgage note payable of $ Sheridan Ltd. reported the following information in its balance sheet and income statement for the year ended March 31, 2024 : Calculate the net cash provided (used) by operating activities using the indirect method. (Show amounts that decrease cash flow with either a - sign eg. 15,000 or in parenthesis eg. (15,000).) Net cash operating activities $
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