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Consider the following facts for The Chocolate Mug: How much are cash dividends? What was the amount of the cash receipt from the sale of
Consider the following facts for The Chocolate Mug: How much are cash dividends? What was the amount of the cash receipt from the sale of plant assets? How much are cash dividends? Cash dividends are $ What was the amount of the cash receipt from the sale of plant assets? The cash receipt from the sale plant assets is $ a. Beginning and ending Retained Earnings are $42,000 and $68,000, respectively. Net income for the period s $63,000. b. Beginning and ending Plant Assets are $123, 700 and $131, 700, respectively c. Beginning and ending Accumulated Depreciation-Plant Assets are $19, 700 and $21, 700 respectively. d. Depreciation Expense for the period is $12,000, and acquisitions of new plant assets total $26,000 Plant assets were sold at a $6,000 gain. When preparing the statement of cash flows, the amount of net cash flow from operating activities differs between the direct and indirect methods. True False The only part that differs in a statement of cash flows prepared by the direct method from one prepared by the indirect method is the ____. A. operating activities section B. non-cash investing and financing activities section C. financing activities section D. investing activities
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