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Calculate Leslie Companys cash flow from FINANCING ACTIVITIES in 20X5 given the following balance sheet information as of 12/31/x4 and 12/31/x5. 12/31/X4 12/31/X5 Long-term Debt
Calculate Leslie Companys cash flow from FINANCING ACTIVITIES in 20X5 given the following balance sheet information as of 12/31/x4 and 12/31/x5.
12/31/X4 | 12/31/X5 | |
Long-term Debt | $15,437 | $18,967 |
Retained Earnings | 64,034 | 95,561 |
Accounts Payable | 32,123 | 35,168 |
Property, Plant, and Equipment | 456,329 | 523,867 |
Common Stock Accumulated | 39,682 | 51,005 |
Depreciation | 210,678 | 264,763 |
Note: Net income for the year was $125,000. Included in the computation of this $125,000 net income was the depreciation expense of$25,000.
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