16-21

E16-21 (similar to) Quesson Help The income statement and additional data of Supplements Plus, Inc follows m(Cick the icon to view the income statement)cck the icon to view the additional data) Include a separate section fer non-cash investing and financing activities. Prepare Supplements Plus's statement of cash flows for the year ended September 30, 2018, using the indirect method Complete the statement one section at a ime, beginning with the cash fews from operating activities (Use a minus sign or parentheses for amounts that sesult in a decrease in cash a box is not used in the statement, leave the box empty, do not select a label or enter azere) Supplements Pus, Inc Statoment of Cash Flows Year Ended September 30, 2018 Cash Flows from Operating Aivies Net Income Adustments to Reconcle Net Income to Net Cash Provided by (Used for) Operating Actves Choose from any list or enter any number in the input fieids and then click Check Answes parts remaining Clear Al Check Answer More Info Acquisition of plant assets is $115,000. Of this amount, $100,000 is paid in cash and $15,000 by signing a note payable Cash receipt from sale of land totals $25,000. There was no gain or loss. a. b. Cash receipts from issuance of common stock total S34,000 Payment of note payable is $14,000 Payment of dividends is $11,000 C. d. e. From the balance sheet: . September 30 2018 2017 S 6,000 Cash $34,000 Accounts Receivable 46,000 60,000 Merchandise Inventory 99.000 94,000 Land 84,000 109,000 Plant Assets 170,000 55,000 Accumulated Depreciation (51,000) (25,000) Accounts Payable 30,000 14,000 32.000 Accrued Liabilities 20.000 Print Done XX Plant Assets 170,000 55,000 Accumulated Depreciation (51,000) (25,000) Accounts Payable 30,000 14,000 20,000 32,000 Accrued Liabilities 14,000 Notes Payable (long-term) 15,000 Common Stock, no par 40,000 6,000 Retained Earnings 233,000 277,000 E16-21 (similar to) Quesbon Hep The income statement and addiional data of Supplements Plus, Inc. follows m(Cck the lcan to view the income statement) ck the icon to view the addiional data) Prepare Supplements Plus's statement of cash flous for the year ended September 30.2018 using the indirect method Include a separate secton for non-cash investing and inancing activities. Complete the statement one section at a tme beginning wth the cash fows from operating activitles (Use a minus sign or parentheses for amounts that sult in a decrease in cash a box is not used in the statement, leave the box empty do not select a label or ener a zero) Supplements Phs, Inc Satement of Cash Flow Year Ended September 30, 201 Cash Flows from Operaing Actives Net Income Aduntments to Reconcle Net Income to Net Cash Previded by Ued for) Operating A Choose from any ist or enter any number in the input Beids and then cick Check Answer 2 parts remaning Cear A Check Aer X More Info Acquisition of plant assets is $115,000. Of this amount, S100,000 is paid in cash and $15,000 by signing a note payable Cash receipt from sale of land totals $25,000. There was no gain or loss. Cash receipts from issuance of common stock total $34,000 Payment of note payable is $14,000 Payment of dividends is $11,000 a. b. c. d. e. f. From the balance sheet: September 30 2018 2017 $ 34,000 $ 6,000 Cash Accounts Receivable 46,000 60,000 99,000 94,000 Merchandise Inventory Land 84,000 109,000 Plant Assets 170,000 55,000 (51,000) (25,000) Accumulated Depreciation 14,000 Accounts Payable 30,000 20,000 Accrued Liabilities 32.000 Print Done Plant Assets 170,000 55,000 Accumulated Depreciation (51,000) (25,000) 14,000 Accounts Payable 30,000 Accrued Liabilities 20,000 32,000 Notes Payable (long-term) 15,000 14,000 Common Stock, no par 40,000 6,000 Retained Earnings 277,000 233,000 X Data Table Supplements Plus, Inc. Income Statement Year Ended September 30, 2018 $ 240,000 Net Sales Revenue 97,000 Cost of Goods Sold Gross Profit 143,000 Operating Expenses: Salaries Expense $ 53,000 26,000 Depreciation Expense-Plant Assets 79,000 Total Operating Expenses Net Income Before Income Taxes 64,000 9,000 Income Tax Expense $ 55,000 Net Income Print Done E16-21 (similar to) Quesbon Hep The income statement and addiional data of Supplements Plus, Inc. follows m(Cck the lcan to view the income statement) ck the icon to view the addiional data) Prepare Supplements Plus's statement of cash flous for the year ended September 30.2018 using the indirect method Include a separate secton for non-cash investing and inancing activities. Complete the statement one section at a tme beginning wth the cash fows from operating activitles (Use a minus sign or parentheses for amounts that sult in a decrease in cash a box is not used in the statement, leave the box empty do not select a label or ener a zero) Supplements Phs, Inc Satement of Cash Flow Year Ended September 30, 201 Cash Flows from Operaing Actives Net Income Aduntments to Reconcle Net Income to Net Cash Previded by Ued for) Operating A Choose from any ist or enter any number in the input Beids and then cick Check Answer 2 parts remaning Cear A Check Aer E16-21 (similar to) Quesfion Help The income statement and additional data of Supplements Plus, Inc. follows: FEB (Click the icon to view the income statement.) i(Click the icon to view the additional data.) Prepare Supplements Plus's statement of cash flows for the year ended September 30, 2018, using the indirect method. Include a separate section for non-cash investing and financing activities. Complete the shatement one section at a time, beginning with the cash flows from operating activities. (Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.) Supplements Plus, Inc. Statement of Cash Flows Year Ended September 30, 2018 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Net Cash Provided by (Used for) Operating Activities Choose from any list or enter any number in the input fields and then click Check Answer parts remaining Check Answer Clear All 3