Question
1) Mary? Andrews, Inc. had the following? transactions: Cash proceeds on sale of land $ 44 000 Cash proceeds on sale of equipment 180000 Purchase
1) Mary? Andrews, Inc. had the following? transactions:
Cash proceeds on sale of land $ 44 000
Cash proceeds on sale of equipment 180000
Purchase of treasury stock with cash 50 000
Purchase of equipment with cash 5 000
Issuance of common stock for cash 80 000
On a statement of cash flows prepared under the indirect? method, Net cash provided by investing activities? is:
2) Anew Health Care Company reports net income of $ 220 000 and Depreciation Expense of $ 22 000 for the year ending December? 31, 2019. No
long- term assets were sold or exchanged during 2019. They also have the following data? available:
December? 31, 2019
December? 31, 2018
Current? Assets:
Cash
$ 31000
$ 76 000
Accounts Receivable
$ 160 000
99 000
Inventory
$ 100 000
69 000
Total Current Assets
$ 291000
$ 244 000
Current? Liabilities:
Accounts Payable
$ 51 000
$ 38 000
Salaries Payable
43 000
95 000
Total Current Liabilities
$ 94 000
$ 133 000
Using the indirect? method, what is the net cash provided by operating activities for the year ending December? 31, 2019?
3) In? 2019, Forever? Young, Inc. sold land for $ 70 000 ?cash, purchased equipment for $ 23 000 cash and issued bonds for $ 90 000 cash. The Net cash provided by investing activities? is
4) In? general, the order of reporting? stockholders' equity on the balance sheet? is:
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