Answered step by step
Verified Expert Solution
Question
1 Approved Answer
2018 2017 Cash 704 890 Inventories 800 465 Equipment 1,200 1,500 Accounts Receivable 1,905 2,850 Accumulated Depreciation (863) (616) Total Assets 3,000 3,200 Retained Earnings
2018 | 2017 | |
Cash | 704 | 890 |
Inventories | 800 | 465 |
Equipment | 1,200 | 1,500 |
Accounts Receivable | 1,905 | 2,850 |
Accumulated Depreciation | (863) | (616) |
Total Assets | 3,000 | 3,200 |
Retained Earnings | 925 | 1,700 |
Common Stock, $ 3 par | 230 | 375 |
Other Current Liabilities | 750 | 925 |
Accounts Payable | 1,350 | 1,600 |
Liabilities Stockholders equity 1) stock issued at par, 64 shares 2) Cash dividends declared and paid were $23 3) equipment costing $80 purchased for cash 4) Net income for 2018 was $325 What is the cash flows from financing activities $ What is the cash flows from operating activities what is the cash flows from financing activities $ Total increase or (decrease) in cash for 2018 $ Show steps. | 2,500 | 3,200
|
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started